MosChip, today announced that it has signed SPA to acquire SoftnauticsInc, a California based company with a focus on Product Engineering Solutions in Embedded, FPGA and VLSI. Softnautics has offices in California and India.
The USD 17.25 million acquisition will be completed during next quarter and is expected to be EBIDTA accretive and generate free cash flow starting from very first year, , MosChip Technologies, acquisition