UST Acquires Accrete Hitech Solutions

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The company plans to offer a broad range of IT and product engineering solutions and services. Accrete Hitech Solutions was founded in Silicon Valley with headquarters at Santa Clara, CA, US, and has offices in New Delhi, Gurgaon, Chennai, Bengaluru in India, and Singapore

UST has acquired Accrete Hitech Solutions, a consulting and outsourcing company that provides information technology and engineering services focusing on hi-tech, semiconductor, and networking. UST is in the product engineering space, and this acquisition, as it notes, will further add scale and depth into the digital product engineering portfolio for UST.

Sunil Kanchi, Chief Investment Officer and Chief Information Officer, UST, said, “At UST, we are laser-focused on expanding and improving our deep digital product engineering capabilities, and the acquisition of Accrete Hitech Solutions will help us achieve that goal. Together, we will create world-class solutions to empower organizations to streamline their operations.”

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The company plans to offer a broad range of IT and product engineering solutions and services including Engineering services: Mechanical engineering design; Manufacturing engineering; Electrical and electronic services; Supply chain management and operations, among others. Accrete Hitech Solutions was founded in the heart of Silicon Valley with headquarters at Santa Clara, CA, US, and has offices in New Delhi, Gurgaon, Chennai, Bengaluru in India, and Singapore.

“The highly experienced team of engineers and technologists from Accrete comes with a broad range of technology and engineering skills that will complement the existing global capability of UST. Together, our two companies will accelerate the digital-first journey of organizations worldwide,” said Gilroy Matthew, VP, and Head of Semiconductor, UST.

“We are excited to be a part of a fast-growing global organization like UST,” said Sanjay Minocha, CEO and Managing Director, Accrete Hitech Solutions. “Our focus has been to help businesses derive value through digital transformation via our IT and Engineering capabilities. Under the UST umbrella, we hope to make an even bigger impact in areas like networking and semiconductor services and solutions.”

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Mukul Yudhveer Singh
Mukul Yudhveer Singh
Mukul Yudhveer Singh is an Editor at EFY. He’s an experienced business journalist who is both an enthusiast and a cynic of technology. Believes in data, as well as hunch-based journalism. He defines journalism as- reporting facts which help the audience take their own decisions, not ones that influence them!

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