Cyient Limited‘s step down subsidiary Cyient Europe Ltd. has acquired Belgium-based AnSem N V.

AnSem N V is a leading fabless, analog application-specific integrated circuits (ASICs) design service company. The company did not disclose the financial value of the acquisition, but as per official sources it is in the range of USD 17 million.

Suman Narayan, Senior Vice President for Semiconductor, IoT and Analytics at Cyient said that 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. Cyient expects this transaction to be EPS accretive.