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 Renard, President EMEA (Europe, Middle East, Africa) and Business Unit Head for Utilities and Geospatial, said the acquisition complements the company's geospatial skills and also brings industry leading knowledge around data acquisition.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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