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Hero Electronix buys stake in Tessolve Semiconductor

Friday, 29 Apr 2016
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Hero Electronix, an arm of the Hero Group, has acquired a minority stake in Bengaluru-based semiconductor test engineering services company Tessolve Semiconductor.

It is a phase-wise acquisition and towards the end of this year, Hero Electronix will have a significant majority in the company.

Tessolve Semiconductor offers engineering expertise in semiconductor design, test / product engineering, PCB design, failure analysis and systems design.

Hero Electronix and other group companies will invest upto Rs.1,200 crore in the next 5-7 years on expansion of the electronics business.

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