Presto Engineering completed the acquisition of GFMicro.

Presto Engineering, an independent ASIC design and semiconductor device production provider, completed the acquisition of GFMicro, a UK-based provider of digital and analogue ASIC development and silicon supply. Financial terms were not disclosed. “This acquisition is a clear commitment of Presto Engineering to the future of Europe’s semiconductor ecosystem. It reinforces our ambition to be the largest and most trusted pure-play ASIC leader in Europe, focused on the industrial, medical, communication, aerospace & defense, and smart mobility markets. The combination of GFMicro and Presto Engineering will bring customers the best of both design and manufacturing, accelerating their semiconductor innovation journey,” Cédric Mayor, Presto Engineering CEO.