Hero Electronix buys India biz of Germany’s TES DST Holding

Electronics and technology solutions provider Hero Electronix on Wednesday said it has acquired India business of TES DST Holding Europe, an electronic design company headquartered in Germany.

The new business has been acquired through Tessolve Semiconductor, in which Hero Electronix took strategic stake in April. With this new development, Hero Electronix now has a dedicated electronics system design arm — Tessolve Embedded Systems – that will focus on supporting the design and manufacture of innovative electronic products for global companies, the company said.

This acquisition is another step towards building Hero Electronix into a $1-billion global digital products and solutions enterprise through investments in engineering-led and IP-driven businesses, the company said. Hero Electronix and its group companies plan to invest ₹1,000-1,200 crore in the next 5-7 years for expansion, it said.

“This acquisition will help us in offering sophisticated technological products that encompasses embedded software and hardware development for domains like automotive, avionics, transportation, industrial and home automation,” Ujjwal Munjal, Founder-Director, Hero Electronix, said.

Furthermore, Tessolve Embedded Systems will be focussing on supporting the design and manufacture of innovative electronics products for global companies.

“With the growth of semiconductor design work in India, we are now in a unique position to offer embedded product development solutions optimised for performance, cost and delivery,” P Raja Manickam, CEO, Tessolve Semiconductor, said.

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