M&A Deal Summary

UST Acquires Sevitech Systems Pvt.

On September 26, 2018, UST acquired semiconductors company Sevitech Systems Pvt.

Acquisition Highlights
  • This is UST’s 1st transaction in the Semiconductors sector.
  • This is UST’s 2nd transaction in India.

M&A Deal Summary

Date 2018-09-26
Target Sevitech Systems Pvt.
Sector Semiconductors
Buyer(s) UST
Deal Type Add-on Acquisition

Target

Sevitech Systems Pvt.

Bangalore, India
Sevitech Systems Pvt. Ltd. is a chip design (VLSI) services company, working with top IC design companies. Sevitech offers end-to-end ASIC (Application Specific Integrated Circuit) design and embedded solutions. Sevitech Systems Pvt. Ltd. was founded in 2013 and is based in Bangalore, India.

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Buyer(S) 1

Buyer

UST

Aliso Viejo, California, United States

Category Company
Founded 1999
Sector Information Technology
Employees3,500
DESCRIPTION

UST offers digital technology solutions to Fortune 500 companies across various geographies. The company caters to technology and innovation requirements of multinational corporations providing end-to-end solutions including digital customer engagement, data analytics, cloud consulting, product engineering, automation and cybersecurity solutions. UST was founded in 1999 and is based in Aliso Viejo, California.


DEAL STATS #
Overall 8 of 20
Sector: Semiconductors M&A 1 of 1
Type: Add-on Acquisition M&A Deals 8 of 19
Country: India M&A 2 of 3
Year: 2018 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-22 Pneuron

Woburn, Massachusetts, United States

Pneuron Corp. is a provider of business objectives, to help clients build, deploy, and run applications that require components of value from widely disparate and diverse set of platforms and technologies. Pneuron Corp. was established in 2010 and is based in Woburn, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-29 SCM Accelerators

San Francisco, California, United States

SCM Accelerators LLC is a digital transformation company. SCM Accelerators was founded in 2010 and is based in San Francisco, California.

Buy -