Hitachi Group co GlobalLogic acquires US chip design services firm Mobiveil

GlobalLogic, a Hitachi group company, has acquired a 100% equity stake in Mobiveil, a US firm that specialises in embedded engineering services. Spark Financial Holdings was the exclusive financial advisor to Mobiveil on this deal. Founded in 2012, Mobiveil, with 400+ professionals, offers semiconductor engineering services, silicon intellectual property and application platforms. It specialises in ASIC and FPGA design & verification, system-level engineering, embedded software and SoC services. Mobiveil operates across the US and India. GlobalLogic is a player in digital product engineering services and helps brands design and build innovative products, platforms, and digital experiences.