Cyient collaborates with Eolos to co-develop consulting & engineering practices
Cyient Limited announced today that it has entered into a strategic partnership with Berlin-based industrial consultancy & investment firm-Eolos, to foster eco-innovation and enable long-term change of industrial processes.
The duo will come together to combine Eolos' industry experience and expertise in the circular economy with Cyient's leadership in engineering design, manufacturing & aftermarket an engineering practice, to support industries in transitioning toward greater sustainability.
The engineering practice will address the needs of industries facing the most stringent changes in their standards & regulations by offering solutions for traceability, material engineering (reduction, re-use & regeneration), obsolescence management, and supply chain (including packaging, disposal & waste management). The primary focus will be on the rail, automotive, aerospace, and med-tech industries with an ambition to grow in the other sectors.
Cyient, global engineering, manufacturing, digital transformation & technology solutions company, partners with customers to operate as part of their extended team in ways that best suit their organisation's culture and requirements.
At the time of market closing on Thursday, the stock of Cyient Ltd was trading at Rs 634.70, up by 0.06 per cent. It has a 52-week high and a 52-week low of Rs 689.05 and Rs 184.15 on BSE.