# Tessolve to acquire German chip design firm Dream Chip Technologies

Tessolve Semiconductor, a Hero Electronix company, signed a definitive agreement to acquire 100% of Dream Chip Technologies for up to ₹400 crore (EUR 42.5 million). The acquisition will add advanced SoC design capabilities and expand Tessolve's European operations with four delivery locations in Germany and the Netherlands.

- Type: Acquisition
- Announced: 2024-11-06
- Where: Germany, Germany
- Value: $48.0M (400.0M INR)
- Status: announced
- Products: semiconductor chip design, SoC design, ASIC design
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Dream Chip Technologies](https://endata.com/companies/49099.md) (target)
- [Tessolve Semiconductor](https://endata.com/companies/81333.md) (acquirer)
- [Hero Electronix](https://endata.com/companies/81334.md) (investor)

## Sources

- [thehindu.com](https://www.thehindu.com/business/hero-electronixs-tessolve-to-acquire-german-design-firm-dream-chip/article68835402.ece), 2024-11-06: "This acquisition positions Tessolve among a select group of design firms worldwide capable of delivering turnkey design solutions for complex cutting-edge chips."

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