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Hero Electronix’s Tessolve acquires analog design business of AnalogSemi

Hero Electronix, a part of the $5 billion Hero Group, today announced the acquisition of the analog design business of Bangalore-based AnalogSemi (Analog Semiconductors Pvt. Ltd.). The acquisition was made through Tessolve, a Hero Electronix venture and a leading provider of engineering services. The acquisition adds to Tessolve’s analog design services offering and strengthens its capabilities as an end-to-end provider of engineering services. Hero Electronix and its group companies aim to build engineering led businesses in technology and electronics. Hero Electronix’s revenue at the end of FY 2017 stood at Rs 600 crores; Tessolve was a key contributor, growing at 40% y-o-y.

 

AnalogSemi comprises a team of talented engineers with extensive capabilities in this domain. The leadership team has over 110 years of cumulative analog design experience and have built strong relationships with semiconductor companies in the 3 years since AnalogSemi’s incorporation. The team has extensive expertise across different industry verticals and has successfully delivered over 70 silicon proven IPs, which are in production today by various semiconductor companies.

 

Mr. Nikhil Rajpal, CEO, Hero Electronix, said, “We are building Tessolve into the largest semiconductor engineering services player in the world. This is the fourth acquisition in the past 18 months since our inception. The latest acquisition of the analog business, along with the earlier acquisitions of the embedded business of TES DST, Malaysia’s Spectrum Integrated Technologies and the test lab business of Singapore’s Lynxemi, add to Tessolve’s ability to offer a more comprehensive solution to its customers.”

 

“Analog chips are key components of most electronic systems. Demand for analog design is growing with the proliferation of semiconductors in our daily lives starting from mobile phones, home entertainment all the way to IOT and automotive industries. The AnalogSemi team comes with extensive experience and capabilities in the Analog design domain. This significantly adds to Tessolve’s existing Analog expertise as we can now offer a more robust end-to-end design solution,” said Mr. Srinivas Chinamilli, COO, Tessolve.

 

Mr. Somashekhar Basavaraj, CEO and Founder, AnalogSemi added, “The team is extremely delighted and proud to be part of the Hero Electronix and Tessolve family. Tessolve’s diversified offering will add significant value to our aggressive growth plans to become an industry leader in Analog design.”

 

Hero Electronix and Tessolve lay strong emphasis on diversification, moving from offering semiconductor test engineering services to becoming a complete solutions provider. Tessolve is now strongly positioned as a leading end-to-end semiconductor engineering solutions provider – from chip design, test and PCB engineering through embedded systems development.

 

About Hero Electronix

The New Delhi based Hero Electronix is the Hero Group’s maiden venture into the electronics and technology sector. Formed in 2015, the company acquired majority stake in MyBox Technologies, India’s leader in set-top box manufacturing, the same year. In 2016, the company entered the semiconductor engineering sector with a strategic investment in Tessolve. Hero Electronix’s focus is on engineering led businesses in the technology and electronics space. Through a mix of strategic partnerships, global alliances and greenfield investments, Hero Electronix aims at building a robust platform.

 

About Tessolve

Tessolve is a leading end-to-end engineering solutions provider, from chip design, test and PCB engineering through embedded systems development. With 1200+ employees worldwide, Tessolve enables customers a faster time-to-market through deep domain expertise in Analog, Digital, Mixed Signal, and RF, and strong in-house infrastructure including a test floor, characterization and reliability lab and PCB fabrication unit. Tessolve allows customers to leverage high end engineering in a cost-efficient model by being able to scale teams to meet exact customer needs. Tessolve provides solutions to many industries including Automotive, Avionics, Computing, Imaging, Medical, Mobile and Sensors.

 

About AnalogSemi (Analog Semiconductors Pvt. Ltd.)

Analog Semiconductors Pvt. Ltd. is a semiconductor design services & solutions company, founded by a leadership team of technocrats and project management professionals with 100+ years of cumulative experience in the semiconductor industry, designing analog and mixed signal ICs and IPs. It offers complete services for the development of core Analog / Mixed signal products such as data converters, power management ICs, serial interface circuits, library development (standard cells, IOs and memory) and others. The services include circuit design, custom layout design, full chip verification and physical design.

Nov 20, 2017
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