Cyient acquires semiconductor firm AnSem N.V.
Cyient Limited (“Cyient”), a global provider of engineering, manufacturing, geospatial, networks, and operations management services, has announced that its step down subsidiary Cyient Europe Ltd has acquired AnSem N.V., a leading fabless, custom analog and mixed-signal application-specific integrated circuits (ASICs) design company. AnSem specializes in advanced analog, radio frequency, and mixed-signal integrated circuit design and provides custom ASICs for clients around the world across key industries, including automotive, medical, industrial, smart home, and smart grid, with long-life applications of five to ten years.
“AnSem’s leading-edge, custom mixed-signal analog integrated circuit (IC) capability allows Cyient to offer turnkey ICs, starting from concept circuit to final production. 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,” said Suman Narayan, Senior Vice-President for Semiconductor, IoT and Analytics, Cyient.
Incorporated in 1998 as a spin-off of the university of Leuven and with the support of imec – the research and innovation hub in nanoelectronics and digital technologies, AnSem has a strong team of technical and domain experts and has established itself as a well-known name in the field of analog and mixed-signal ASICs. Headquartered in Leuven, Belgium, AnSem has been certified as an ISO 9001:2015 company with a strong focus on solving complex challenges. Through its proven history of 100% first-time functional designs, AnSem not only provides significant cost savings, but also time-to-market benefits, making this Cyient’s center of excellence. AnSem, has revenue of ~$10 million and 20%+ operating margin.
“We are excited to become a part of the Cyient family and expand our capabilities to a larger customer base,” said AnSem’s CEO & Co-Founder Stefan Gogaert. “Over the years, AnSem has built an impeccable record of custom analog ASIC solutions delivery, a long-term customer base, and an unparalleled capability to develop, validate, and verify complex solutions. Thanks to this acquisition, our ability to deliver the volume of ASICs that our customers need to stay ahead of the competition will become even stronger. It also will enable us to be in the leading position that we were already aiming for.”
“Innovation is an integral part of imec’s culture, and throughout the years, we have continuously supported regional startup activities related to microelectronics and nanoelectronics. AnSem is one of the success stories that has grown to become a profitable company in analog, RF and mixed-signal design with an international customer base,” said Ludo Deferm, Executive Vice-President, imec and member of the Board of Directors of AnSem. “We are delighted with the acquisition of AnSem by Cyient. This is a confirmation of AnSem’s business value and the strength of the ecosystem around imec. We are hopeful that this acquisition is the beginning of a close collaboration between Cyient and imec, as well as with other Flemish companies.”
Cyient expects this transaction to be EPS accretive.
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