Indian engineering solutions firm Cyient has agreed to acquire US-based TAO Digital Solutions for $218m, subject to customary regulatory approvals and closing conditions.
The transaction, which involves the purchase of all shares in TAO Digital, is expected to be completed by the second quarter of financial year 2027
TAO Digital Solutions, founded in 2022 and based in Santa Clara, California, provides data and product engineering services with a focus on AI. The company has operations in the US, Taiwan, Canada, India, and Europe. It serves customers primarily in the automotive, hi-tech, and health technology sectors.
TAO Digital generated $80m in revenue in 2025, with about 3,500 employees and most of its delivery centres are in India. The purchase price includes an upfront payment of $130m, representing roughly 60% of the total and about 7.9 times TAO Digital’s CY25 EBITDA. The remainder will be paid through two performance-based earnout tranches over two years following closing.