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HCL acquires Concept to Silicon Systems

Mon 19 Oct 2015, 12:28:09
New Delhi: HCL Technologies Ltd has under a definitive agreement acquired a Bengaluru-based privately held engineering services firm, Concept to Silicon Systems (C2SiS), for an undisclosed sum.

"C2SiS today is empowering strategic change in a broad range of industries with its specialisation in system-on-chip and system design services and its client list includes Fortune 100 and Fortune 500 companies", HCL Technologies said in a BSE filing.

It further said: "With this strategic acquisition, HCL will be able to leverage C2SiS' technical prowess in areas such as System-on-Chip, Physical design etc and will further extend its leadership position in the semiconductor industry."

Shares of HCL Technologies were trading at Rs 846.95 apiece, up 0.55 per cent from their previous close on BSE.


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