Warwickshire tech specialist acquired by Indian company
An Indian engineering services firm has strengthened its presence in the UK with the purchase of a Warwick-based technology specialist Semcon Engineering.
ASM Technologies has acquired Semcon, which is based on Edgehill Drive in Warwick and is a division of Swedish company Semcon.
ASM has more than three decades’ expertise in the semiconductor, hi-tech and automotive industries while Semcon works with a large number of clients across several industries, including the automotive/mobility industry, energy and life science sectors.
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The acquisition of Semcon’s operations in the UK will help ASM scale up its expertise in the transportation industry as it transitions to new propulsion systems and ever-increasing levels of driver assistance and autonomy.
ASM was represented by Robert Lee – a Corporate Partner at Leamington Spa-based Wright Hassall – who specialises in mergers and acquisitions, corporate restructuring and joint ventures, with a particular focus in attracting businesses into the UK, through Wright Hassall’s international network of correspondent firms.
He said: “This was an exciting international deal to work on which has been a long time in the making.
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“For ASM, the deal represents a key part of its growth strategy, presenting tremendous opportunities to strengthen its UK and European presence.
“This inward investment into the UK is also a great show of strength in the automotive industry in the West Midlands, with the region long-established as experts in automotive innovation.”
ASM Technologies Limited is a publicly listed company based in Bangalore, India, and specialises in engineering services and design-led manufacturing.
