Hero Electronix, a part of the $5 billion Hero Group, today announced the acquisition of the analog design business of Bangalore-based Analog Semiconductors Pvt. Ltd. The acquisition was made through Tessolve, a Hero Electronix venture and engineering services provider. The acquisition adds to Tessolve’s analog design services offering and strengthens its capabilities as an end to end provider of engineering services. Hero Electronix’s revenue at the end of FY 2017 stood at Rs 600 crores; Tessolve was a key contributor growing at 40% y-o-y.
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