Comments
GlobalLogic, a Hitachi group company, has acquired a 100 per cent equity stake in Mobiveil, a US firm that specialises in embedded engineering services. Mobiveil, founded in 2012 by Ravi Thummarukudy and Gopi Periyadan, offers semiconductor engineering services, silicon intellectual property and application platforms, and has operations in the US and in India. It is an expert in ASIC and FPGA design and verification, system-level engineering, embedded software and SoC services.
Also read: Should you subscribe to the Credo Brands (Mufti) IPO?
GlobalLogic, a Hitachi Group company, is a leader in digital product engineering services and helps brands design and build innovative products, platforms and digital experiences. It operates design studios and engineering centres around the world, extending its deep expertise to customers in the automotive, communications, financial services, healthcare and life sciences, manufacturing, media and entertainment, semiconductor and technology industries.
Chennai-based Spark Financial Holdings was the exclusive financial advisor to Mobiveil for this deal. A press release issued by Spark on Tuesday said that this was Spark’s 58th transaction in the technology services space and its cross-border transactions, aggregating to about $4.2 billion in value.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.