Cyient’s subsidiary, Cyient Semiconductors Singapore Pte. Ltd., will acquire a majority stake exceeding 65% in Kinetic Technologies through a definitive agreement. This acquisition aims to strengthen Cyient’s position in power semiconductor technology, particularly in analog and mixed-signal design. The deal is expected to close by April 30, 2026, for a purchase consideration of up to USD 93 million.
Strategic Acquisition Overview
Cyient is set to expand its technology portfolio through its subsidiary, Cyient Semiconductors Singapore Pte. Ltd., with the acquisition of a majority stake exceeding 65% in Kinetic Technologies. This move is designed to enhance Cyient’s capabilities in the semiconductor sector, focusing on power management solutions.
Target Company Details: Kinetic Technologies
Kinetic Technologies, incorporated in 2006 and headquartered in the USA, specializes in power semiconductor solutions. They possess expertise in analog and mixed-signal design, delivering high-performance ICs for efficient power delivery and signal conditioning across global markets.
Financial Details of the Acquisition
The purchase consideration for acquiring the majority stake is up to USD 93 million. The transaction is expected to be completed by April 30, 2026.
Rationale Behind the Acquisition
This acquisition is intended to drive custom Power IC Leadership for Edge AI and High-Performance Compute Markets, aligning with Cyient’s strategic goals for growth and innovation.
Kinetic Technologies Financial Snapshot
Unaudited Financials (Tax basis):
CY23 – Revenue: USD 63 Mn
CY24 – Revenue: USD 37 Mn
CY25 E – Revenue: USD 41 Mn.
Source: BSE
