M&A

M&A

Semiconductor design player Moschip acquires California's Softnautics for $17.25 M

BSE Announcement  

Publicly listed MosChip Technologies, a Hyderabad-based semiconductor & embedded design solutions company, is to acquire Softnautics Inc, a California-based company with a focus on product engineering solutions in embedded, FPGA and VLSI for USD 17.25 milion. Softnautics has offices in Pune and Ahmedabad. The acquisition will be completed during next quarter. The acquisition cost will be paid 52.6% in swap shares and 47.4% in cash over a period. MosChip has 1100+ engineers located in Silicon Valley-USA, Hyderabad, and Bangalore. The acquisition, to be completed in the next quarter, will add 185+ employees to the MosChip talent pool across domains.