Tessolve Acquires Dream Chip Technologies for €42.5 Million
Tessolve, a semiconductor firm, announced the acquisition of Dream Chip Technologies, a German semiconductor chip design company, for €42.5 million. The acquisition expands Tessolve's European operations.
Illustration: Dominic Xavier/Rediff.com
New Delhi, Nov 6 (PTI) Semiconductor firm Tessolve on Wednesday said it will completely acquire Germany-based semiconductor chip design firm Dream Chip Technologies for 42.5 million euros (about Rs 400 crore) in an all-cash deal.
The acquisition will also expand Tessolve's European operations by adding four delivery locations across Germany and the Netherlands, including a specialised ADAS and imaging center of excellence lab, the company said in a statement.
"Tessolve today announced the signing of a definitive agreement to acquire 100 per cent of Dream Chip Technologies, a semiconductor chip design firm headquartered in Germany, for a consideration of up to Rs 400 crore (42.5 million euros)," the company said.
The acquisition will also expand Tessolve's European operations by adding four delivery locations across Germany and the Netherlands, including a specialised ADAS and imaging center of excellence lab, the company said in a statement.
"Tessolve today announced the signing of a definitive agreement to acquire 100 per cent of Dream Chip Technologies, a semiconductor chip design firm headquartered in Germany, for a consideration of up to Rs 400 crore (42.5 million euros)," the company said.
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