Until recently, it was international players who looked at India for acquisitions of third-party (independent) design companies. Now Indian information technology companies, such as Wipro Ltd, Sasken Communication Technologies Ltd and MindTree Consulting Ltd, which offer chip-design services, are in an acquisitive mode to consolidate their position in the global market.
In the last two years, these firms have together made five acquisitions totalling US$ 128 million, mainly to broaden their customer base and intellectual property (IP) assets.
Wipro acquired Austrian chip-design firm, NewLogic Technologies GmbH, in December 2005, in an all-cash deal valued at about US$ 64.5 million. In September 2007, Wipro made its second overseas acquisition by buying out Oki Techno Centre Singapore Pte. Ltd, a 40-employee semiconductor design subsidiary of Oki Electric Industry, in a deal estimated at US$ 2.5 million.
In the last two years, these firms have together made five acquisitions totalling US$ 128 million, mainly to broaden their customer base and intellectual property (IP) assets.
Wipro acquired Austrian chip-design firm, NewLogic Technologies GmbH, in December 2005, in an all-cash deal valued at about US$ 64.5 million. In September 2007, Wipro made its second overseas acquisition by buying out Oki Techno Centre Singapore Pte. Ltd, a 40-employee semiconductor design subsidiary of Oki Electric Industry, in a deal estimated at US$ 2.5 million.
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