BENGALURU: Hero Electronix’s Tessolve to acquire Germany-headquartered semiconductor chip design firm Dream Chip Technologies for up to Rs 400 crore.
Founded in Bengaluru, this acquisition will strengthen Tessolve’s leadership in the industry by adding advanced capabilities in system on chip (SoC) designs for the artificial intelligence (AI), automotive, data center, and industrial markets. The acquisition will expand Tessolve’s European operations by adding four delivery locations across Germany and Netherlands, including a specialised ADAS & imaging center-of-excellence lab.
“This acquisition solidifies our position as a top tier semiconductor engineering firm globally,” said Srini Chinamilli, Co-founder & CEO of Tessolve. “Dream Chip’s capabilities strengthen our ability to take on leading edge ASIC design projects and greatly enhance our European footprint,” he added.
Dream Chip Technologies, headquartered in Germany is recognised as one of the leading semiconductor design service companies in the region. The acquisition is a 100% cash transaction.
“By combining our design capabilities and IP with Tessolve’s established semiconductor services and embedded solutions, we can offer our customers a solution from chip architecture to post-silicon test and supply chain management for their most complex designs,” said Jens Benndorf, CEO of Dream Chip Technologies.