Acquisitions8 Apr 2025, 11:26 pm
Sasken Technologies Acquires BORQS International Holding Corp. for Up to ~Rs.338 Crores
AI Summary
Sasken Technologies Ltd. has acquired 100% share capital of BORQS International Holding Corp. along with its identified wholly owned subsidiaries for an aggregate consideration not exceeding US$ 40 million, subject to adjustments / completion of specified conditions. This acquisition will enable the Organization to support its customers in designing, developing, and commercializing connected devices from concept to market.
Key Highlights
- Sasken Technologies Ltd. acquires BORQS International Holding Corp. and its subsidiaries for up to ~Rs.338 crores
- The acquisition will support customers in designing, developing, and commercializing connected devices
- The transaction does not fall within related party transactions
- BORQS International Holding Corp. is engaged in providing customized IoT solutions
- The acquisition includes design, hardware and software implementation, cloud services, supply chain management