Cyient, a global provider of engineering, manufacturing, geospatial, networks, and operations management services, has announced that its step down subsidiary has acquired AnSem N.V., a 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. 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 and has revenue of ~$10 Million.
“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 at Cyient.
“We are excited to become a part of the Cyient family and expand our capabilities to a larger customer base,” said AnSem’s CEO and 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.”
Cyient works in industries such as aerospace and defense, medical, telecommunications, rail transportation, semiconductor, utilities, industrial, energy and natural resources.