September 11, 2017

New Britain engine parts maker bought by India manufacturer

Cyient, an engineering and manufacturing firm based in India, is acquiring New Britain manufacturer B&F Design Inc. for an undisclosed sum.

Financial and other terms of the deal were not disclosed.

B&F Design both designs and makes precision engine assembly equipment, fixtures and gauges. The firm employs 47 and has revenue approaching $9 million, according the two companies.

Cyient, based in Hyderabad, India, said this is its sixth acquisition in the last three years. The company has nearly 14,000 employees in 21 countries.

Anand Parameswaran, Cyient's senior vice president for aerospace and defense, said the purchase enables the company to do more comprehensive work for its customers.

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