Digital solutions firm UST acquires Accrete Hitech Solutions

Pune: Digital solutions company UST said on Thursday that it 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 has a strong presence in the product engineering space and this acquisition will add scale and depth into the digital product engineering portfolio for UST, it 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,” Sunil Kanchi, chief investment officer and chief information officer, UST said.

Accrete Hitech Solutions is headquartered in Santa Clara, CA, US, and has offices in New Delhi, Gurugram, Chennai, Bengaluru in India, and Singapore.

The acquisition will allow the company to offer a broad range of IT and product engineering solutions and services. “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.

“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,” said Sanjay Minocha, CEO and managing director, Accrete Hitech Solutions.

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