France's Altran to buy Bangalore-based semiconductor designer SiConTech

French technology & consultancy firm Altran has acquired Bangalore-based SiCon Design Technologies (SiConTech), an engineering services company specialised in semiconductor design. SiConTech currently works with seven of the top ten global semiconductor companies and was ranked one of the fastest growing ASIC design services companies in India by Deloitte Technology Fast 50 India in 2013 and 2014.
 
Founded in Bangalore in 2010, the company has a team of over 500 experts, specialised in ASIC (Application-Specific Integrated Circuit) design, verification, DFT (Design For Test), FPGA (Field-Programmable Gate Array) implementation and embedded software development.
 
The acquisition of SiConTech is perfectly in line with the French firm’s strategy to expand its footprint in India and reinforce the Altran global intelligent systems solution dedicated to autonomous systems, smartphones, smart meters, medical devices, connected cars, advanced air traffic control and smart sensors.
 
Dominique Cerutti, chairman and CEO, Altran, stated, “This acquisition meets all the acquisition criteria defined by our group in terms of profitability and growth potential. For Altran, the interests of this operation are two-fold: India is a key market for delivering engineering services on the global stage where Altran is set on becoming a key player. With this acquisition, the group has reached and surpassed a symbolic milestone and Altran India now has a team of more than one thousand employees. In addition, the acquisition of SiConTech will enable us to accompany our strategic American clients operating in semi-conductors and embedded software, two major sectors.”