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.