M&A
Cyient Semiconductors to acquire over 65% stake in US-based Kinetic Tech for $93-M
BSE Announcement Press Release Mint
Cyient Semiconductors Private Limited, a unit of Hyderabad-based, publicly listed Cyient Limited, is to acquire an over 65% stake in San Jose, CA (USA)-based Kinetic Technologies for USD 93 million. The target is expected to report a revenue of USD 41 million for calendar 2025 (compared to CY 24 Revenue of USD 37 Mn and CY 23 Revenue of USD 63 Mn).Kinetic Technologies specializes in power management and high-performance analogue and mixed-signal integrated circuits (ICs), offering solutions in power conversion, display power, protection, and interface, and claims to hold over 100 patents.
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