Bengaluru: Altran, one of the global leaders in innovation and high-tech engineering consulting, has announced the accretion of SiCon Architecture Technologies (SiConTech), an engineering casework aggregation specialized in semiconductor design, for an undisclosed sum. Altran, which builds customized solutions for smartphones, medical devices, affiliated cars and air cartage ascendancy systems, would body chip architecture adequacy with this accretion in India.
The acquisition of SiConTech was financed absolutely by the Altran accumulation and will be EPS acceptable as of the foremost year. The maneuver is foreseen to be finalized in 2015, and is to usual circumstances precedent. The accretion will aftereffect in Altran India amalgamation its anchored practice with that of SiConTech and Naveen Chava, Chief Executive Officer, SiConTech will arch the accomplished team. The India technology Centre of Altran is headquartered in Bengaluru and has offices in Noida, Hyderabad and Coimbatore.
The accretion of SiConTech is altogether in band with Altran’s action to aggrandize its brand in India and reinforce the Altran all-around Intelligent Systems band-solutions committed to free systems, smartphones, acute meters, medical devices, affiliated cars, avant-garde air cartage ascendancy and smart sensors. “This acquisition meets all the acquisition criteria defined by our group in terms of profitability and growth potential. For Altran, the interests of this operation are two-fold: India is a key market for delivering engineering services on the global stage where Altran is set on becoming a key player. With this acquisition, the Group has reached and surpassed a symbolic milestone and Altran India now has a team of more than one thousand employees. In addition, the acquisition of SiConTech will enable us to accompany our strategic American clients operating in semi-conductors and embedded software, two major sectors,” Dominique Cerutti, Altran Chairman and CEO, was quoted as saying.
With the acquisition, Altran India headcount has angled from 570 to 1,100. According to Sanjay Kumar, Arch Controlling Administrator & Managing Director, Altran India, this is Altran’s third and the best accretion in India. In February 2014, Altran had acquired U.S.-based Foliage, a technology consulting and engineering casework company, which had acquired India-based Vignani Technologies, an engineering architecture casework aggregation that had attendance in California and the Netherlands. Altran as well bought Kavya Tech, a Hyderabad-based bulb engineering firm, in the additional bisected of 2014.
SiConTech currently works with seven of the top ten all-around semiconductor companies and was ranked one of the fastest growing ASIC architecture casework companies in India by Deloitte Technology Fast 50 India in 2013 and 2014. Incepted in Bangalore in 2010, the team has an aggregation of over 500 experts, specialized in ASIC (Application-Specific Integrated Circuit) Design, Verification, DFT (Design For Test), FPGA (Field-Programmable Gate Array) accomplishing and anchoring software development.
Altran accompanies its audience in the conception and development of their new articles and services. Altran Innovation Makers have been offering accouterment of their ability for over thirty years to key players in the Aerospace, Automotive, Defence, Energy, Finance, Life Sciences, Railway, and Telecoms sectors.