◂ Announcements

Jul 10, 2024ACQUISITIONBangalore, India, India

L&T Semiconductor Technologies to acquire SiliConch Systems for Rs 133 crore

L&T Semiconductor Technologies Limited, a wholly owned arm of Larsen & Toubro, entered into a Share Purchase Agreement on July 8, 2024 to acquire 100% of SiliConch Systems Private Limited for Rs 133 crore, with an additional deferred amount of Rs 50 crore. The acquisition is expected to close by September 15, 2024.

Value

$1.60M (133.0M INR)

Status

Announced

Productsmixed-signal semiconductor solutions for power management and USB Type-C

CompaniesL&T Semiconductor Technologies Limited acquirer SiliConch Systems Private Limited target

Sectors#Semiconductors and Industrial Electronics

“The acquisition will add IP, engineering skillsets, and design expertise to strengthen the Group's presence in the fabless semiconductor business”manufacturing.economictimes.indiatimes.com

1 source
manufacturing.economictimes.indiatimes.comL&T Semiconductor Technologies Limited: L&T's semiconductor tech to acquire Bangalore-based SiliConch Systems, ETManufacturingwww.ETManufacturing.inJul 10, 2024

Summarized from public sources; check the original articles before acting on it.

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