# HCL Technologies to acquire Sankalp Semiconductor for Rs 180 crore

HCL Technologies will acquire Sankalp Semiconductor, an advanced technology design services provider, for Rs 180 crore in an all-cash deal expected to close in the first week of October 2019.

- Type: Acquisition
- Announced: 2019-09-09
- Where: India
- Value: $25.2M (1.80B INR)
- Status: announced
- Products: semiconductor design services, analog and mixed signal design
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [HCL Technologies](https://endata.com/companies/21274.md) (acquirer)
- [Sankalp Semiconductor](https://endata.com/companies/29280.md) (target)

## Sources

- [business-standard.com](https://www.business-standard.com/article/pti-stories/hcl-tech-to-acquire-sankalp-semiconductor-for-rs-180-cr-119090901234_1.html), 2019-09-09: "IT services major HCL Technologies on Monday said it will acquire Sankalp Semiconductor, an advanced technology design services provider, for Rs 180 crore."
- [thehindubusinessline.com](https://www.thehindubusinessline.com/info-tech/hcl-tech-acquires-sankalp-semiconductor/article29380888.ece), 2019-09-10: "Sankalp will complement our strong semiconductor offerings and help offer a wider range of services to our customers in the analog and mixed-signal space."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.