Tata’s Tejas to acquire Bangalore based wireless SoC chip Co Saankhya Labs

Tata group owned Tejas Networks is getting into semiconductor chip design activities with lot more resources through acquisition of year 2007-started fables SoC design company Saankhya Labs. Tejas Networks has signed definitive agreements to acquire 64.40% of shares of Bangalore based and wireless-communication focused Saankhya Labs for Rs 283.94 Crores. After the mandatory approval Tejas plans to acquirie the remaining 35.60% shares through a merger process or a secondary acquisition. The leadership team at Saankhya labs inlcudes Parag Naik, Vishwakumara Kayargadde, Hemant Mallapur (brave-heart founders), Anindya Saha, Preetham Uthaiah, and Vivek Kimbahune. With 250+ engineering staff strength, Saankhya designed semiconductor chips for 5G cellular Wireless, Broadcast radios and satellite communication ground-terminal for clients in India and worldwide. Company holds silicon and wireless related rich IPR portfolio with 73 international patents (41 granted, 32 filed), Saankhya is leading in building software defined radios (SDR), through its own SDR chipsets. Mr. Sanjay Nayak, CEO & MD of Tejas Networks said, “We are committed to our vision to create a global telecom equipment company from India, which will provide an end-to-end stack of world-class products and solutions based on latest technologies and customer requirements. This acquisition shows our continue...