Hyderabad: Cyient Ltd on Thursday said that its step down subsidiary Cyient Europe Ltd. has acquired AnSem N.V., a leading fabless, custom analog and mixed-signal application-specific integrated circuits (ASICs) design company.
Sources said the deal is expected to be in the range of $17 million.
AnSem specialises in advanced analog, radio frequency, and mixed-signal integrated circuit design and provides custom ASICs for clients around the world across key industries, including automotive, medical, industrial, smart home, and smart grid, with long-life applications of five to ten years.
Commenting on the deal, Cyient senior V-P Suman Narayan said with this acquisition, Cyient can help its clients develop smart analog sensors to capture data, while leveraging our IoT and analytics solutions.
