Celfinet has been acquired by the Indian listed multinational Cyient

The private shareholdersof Celfinet, a Portuguese IT Engineering company, have sold the company to Cyient.

Celfinet is a wireless engineering services company focused on providing end-to-end network planning and performance optimization services. Celfinet has successfully built an international business combining outstanding wireless engineering expertise and a best-in-class network management solutions portfolio to improve network quality and customer experience. The company is a trusted technology partner to some of the world’s leading mobile operators.

Cyient, a multinational enterprise listed on the National Stock Exchange of India, is a leading global engineering, manufacturing and digital technology solutions company. Cyient has more than 300 customers and a global footprint in 19 countries.

Oaklins’ team in Portugal acted as the exclusive M&A advisor to the shareholders of Celfinet. The team was involved throughout the preparation of the sale process and supported all aspects of the negotiation phase until closing.