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L&T Technology Services acquires Esencia

By Niranjan Mudholkar,

Added 01 June 2017

US-based Esencia Technologies is a provider of design services from specification to final product in Digital Signal Processing for Communications, Video, Security and Networking

L&T Technology Services Limited (LTTS) (BSE: 540115) (NSE: LTTS) has announced the completion of the acquisition of Esencia Technologies, a provider of design services from specification to final product in Digital Signal Processing for Communications, Video, Security and Networking. San Jose-based Esencia will become a subsidiary of LTTS.

On May 3, LTTS had signed a definitive agreement to acquire Esencia to deepen its offerings to global customers in the realm of Wireless Connectivity Solutions, Perceptual Computing, Internet of Things and Advanced Silicon Products.

Esencia's existing team of over 100 Embedded, ASIC design and semiconductor experts in Silicon Valley will become part of the LTTS family.

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