BENGALURU: HCL Technologies is acquiring
Sankalp Semiconductor
in an all-cash deal for Rs 180 crore.
Sankalp has strong capabilities in analog, digital and mixed signal chip design. It provides end-to-end solutions in the automotive, consumer, IoT, medical electronics, networking and wireless domains.
Sankalp has a team of over 950 engineering professionals across design centres in Hubbali, Bengaluru, Kolkata and Ahmedabad, and in Ottawa, Canada. It will operate as a 100% subsidiary of HCL.
“Sankalp will complement our strong semiconductor offerings and help offer a wider range of services to our customers in the analog & mixed signal space,” said GH Rao, president – engineering and R&D Services, HCL Technologies.
“The strategic acquisition will enable synergies between engineering teams allowing us to offer a broader semiconductor know-how, to a wider variety of customers. The joined forces will enable deeper engagements with customers in the end-to-end digital and mixed signal design space.” said Samir Patel, CEO, Sankalp Semiconductor.
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