Hero Electronix's Tessolve is set to acquire Germany-based Dream Chip Technologies for up to Rs 400 crore.
The acquisition will position Tessolve as a top-tier semiconductor engineering firm globally with unmatched design capabilities.
This acquisition will expand Tessolve's European footprint, adding four new delivery locations and strengthening capabilities in advanced semiconductor and embedded design solutions.
The acquisition will enhance Tessolve's market position in the semiconductor services sector, particularly in the automotive and AI-driven ASIC applications.