France based Altran acquired India based VLSI/semiconductor design services company SiCon Design Technologies (SiConTech).
Fast growing SiConTech with office in Bangalore offers VLSI design services such as ASIC design, chip design verification, DFT (Design For Test), FPGA implementation and embedded software development. Altran intend to expand its footprint in India by acquring SiConTech.
Dominique Cerutti, Altran Chairman and CEO said "This acquisition meets all the acquisition criteria defined by our group in terms of profitability and growth potential."
With this acqusition, Altran India to have a team of more than one thousand employees in India with a gain of around 500 employees from this buy-out.