Cyinet Signs Pact To Acquire UK-Based Blom Aerofilms

Hyderabad: IT services firm Cyinet Ltd on Monday said it has signed a definitive agreement with Blom ASA to acquire 100 per cent stake in Blom Aerofilms, a UK-based digital mapping and ground survey provider. According to a statement issued by Cyinet (formerly Infotech Enterprises Limited), the revenue of Blom stood at 6 million pounds during the last calendar year. The company did not provide financial details of the deal. John R...