New Delhi headquartered Hero Electronix, through its unit Tessolve, has acquired London-based Test & Verification Solutions (T&VS), which verifies the reliability of chip designs for semiconductor companies.
The financial details of the deal were not disclosed.
Hero Electronix is a digital initiative of homegrown motorcycle manufacturer Hero MotoCorp. It has operations in the artificial intelligence (AI), electronics manufacturing, internet of things (IoT), auto technology and media technology sectors.
The acquisition is aimed at inorganically improving Tessolve’s chip design offerings, especially in the UK and Japan markets, and increasing its staff strength by 2,000 engineers, a statement said. Hero Electronix’s Bengaluru-based arm Tessolve provides semiconductor engineering solutions and has operations in the US, Europe, India and Southeast Asia.
Founded in 2008 by Mike Bartley, T&VS started as a chip design sustainability provider and later expanded to designing test and embedded software. It has a presence in the UK, India, Japan, US and Singapore. Apart from the semiconductor sector, it provides services to companies in the automobile, wireless telecom, fintech and healthcare industries.
“The addition of T&VS talent and technologies will enable us to provide more integrated and optimised chip design solutions. Design verification and validation is an important phase in the design and production cycle of every semiconductor product and accelerates taking products to market,” P Raja Manickam, CEO of Tessolve, said.
Including T&VS, Tessolve has acquired five companies in the past four years. Since 2016, it has acquired TES DST, Spectrum Integrated, the test lab business of Lynxemi and the analog design business of Analog Semiconductors.
Last year, Hero Electronix launched artificial intelligence-powered smart home products via its brand Qubo. A year before that, it acquired energy management startup Zenatix Solutions for an undisclosed amount and bought out all investors, including Blume Ventures and Pi Ventures.