Natronix Semiconductor
Technology Private Limited, Singapore (Natronix-Sg), has on Mar 24, 2014
acquired 56% of SPEL Semiconductor Limited (SPEL). This acquisition was
pursuant to the approvals granted by the Securities & Exchange Board of
India (SEBI).
Natronix-Sg is a member of the Valingro Group promoted by Mr. Ar Rm Arun.
Headquartered in Singapore, Natronix-Sg is focused on Semiconductor
Packaging and Semiconductor Design. Natronix-Sg has already targeted further
acquisitions within the Outsourced Semiconductor Assembly & Test (OSAT)
and Design & Verifications (D&V) segments.
A 100% EOU, SPEL has in the past been constrained in raising debt
expansion capital. With this acquisition, SPEL looks forward to securing
cost-effective debt capital that will better position itself in the
global scenario. The acquisition will assist SPEL in growing within its
existing Customer base while also bringing in further advanced
semiconductor packaging capabilities into India. SPEL will importantly
be ready to enable India’s self-sufficiency within the electronics
manufacturing supply chain. |