# 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.

- Type: Acquisition
- Announced: 2024-07-10
- Where: Bangalore, India, India
- Value: $1.60M (133.0M INR)
- Status: announced
- Products: mixed-signal semiconductor solutions for power management and USB Type-C
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [L&T Semiconductor Technologies Limited](https://endata.com/companies/78537.md) (acquirer)
- [SiliConch Systems Private Limited](https://endata.com/companies/78538.md) (target)

## Sources

- [manufacturing.economictimes.indiatimes.com](https://manufacturing.economictimes.indiatimes.com/news/hi-tech/lts-semiconductor-tech-to-acquire-bangalore-based-siliconch-systems/111628319), 2024-07-10: "The acquisition will add IP, engineering skillsets, and design expertise to strengthen the Group's presence in the fabless semiconductor business"

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