Software major Infosys Ltd on Thursday said it will acquire InSemi, a semiconductor design and embedded services provider, for Rs 280 crore.
In a regulatory filing, Infosys said the acquisition of Rs.153.6 crore revenue InSemi is expected to close during the fourth quarter of fiscal 2024, subject to customary closing conditions.
“Consideration including earn-outs, and management incentives, and retention bonus totaling up to INR 280 crores subject to customary closing adjustments,” Infosys said.
The Bengaluru-headquartered InSemi has a headcount of over 900 persons.
(Source: IANS)
