Tuesday 10 September 2019

HCL deepens chip expertise with Sankalp acquisition

HCLHCL Technologies has acquired Sankalp Semiconductor, a provider of semiconductor design services to customers spanning automotive, consumer electronics, Industrial IoT and medical electronics. Sankalp has a presence in the US, India, Canada and Germany, and provides services from concept to prototype for its customer base.

In addition to Software and IT services, HCL has a considerable Engineering and R&D Services capability. The Sankalp purchase should dovetail nicely with HCL's existing semiconductor portfolio, broadening its offering and enabling it to engage more deeply with customers in the analog and mixed signal space.

HCL does of course also have the very large IBM software assets acqusition ($1.8bn) to digest, which will occupy a considerable amount of management time and energy.

In August, HCL announced a good set of Q1 results, with the top line up 17% (constant currency) on last year to $2.36bn. Europe was up 11.3% on the comparable period last year. The firm's ability to improve the delivery of traditional services, combined with on-going investment in new offerings/acquisitions, should help to protect it from what continues to be very challenging market conditions.

Find out where HCL ranks in the TechMarketView UK SITS Supplier Rankings 2019.

Posted by: Kate Hanaghan

Tags: acquisition   chips   semiconductor  

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