Cyient acquires Belgium-based AnSem N V for $17 million
Cyient Limited said its step down subsidiary "Cyient" Europe Ltd obtained Belgium-based AnSem N V, a leading fabless, analog application-specific incorporated circuits (ASICs) plan benefit company. Though the organization authoritatively did not unveil the exchange cost, official sources demonstrate that it is within the scope of USD 17 million.
According to a press release issued by the city-based IT firm, AnSem which specializes in advanced analog, radio frequency, and mixed-signal integrated circuit design and provides custom ASICs for clients has revenue of USD10 Million and over 20 percent operating margin.
Senior Vice President for Semiconductor, IoT, and Analytics at"Cyient, Suman Narayan said through this acquisition,"Cyient" can help its clients develop smart analog sensors to capture data while leveraging our IoT and analytics solutions to provide actionable insights. Cyient expects this transaction to be EPS accretive, the release added.
Cyient Set to Showcase new module at UK Airshow
By Tom Farrah, CIO & SVP, Dr Pepper Snapple Group
By George Evans, CIO, Singing River Health System
By John Kamin, EVP and CIO, Old National Bancorp
By Phil Jordan, CIO, Telefonica
By Elliot Garbus, VP-IoT Solutions Group & GM-Automotive...
By Dennis Hodges, CIO, Inteva Products
By Bill Krivoshik, SVP & CIO, Time Warner Inc.
By Gregory Morrison, SVP & CIO, Cox Enterprises
By Alberto Ruocco, CIO, American Electric Power
By Sam Lamonica, CIO & VP Information Systems, Rosendin...
By Sven Gerjets, SVP-IT, DIRECTV
By Marie Blake, EVP & CCO, BankUnited
By Lowell Gilvin, Chief Process Officer, Jabil
By Walter Carvalho, VP & Corporate CIO, Carnival Corporation
By Mary Alice Annecharico, SVP & CIO, Henry Ford Health System
By Bernd Schlotter, President of Services, Unify
By Bob Fecteau, CIO, SAIC
By Jason Alan Snyder, CTO, Momentum Worldwide
By Jim Whitehurst, CEO, Red Hat
By Marc Jones, Distinguished Engineer, IBM Cloud Infrastructure