Acquisitions8 Apr 2025, 11:51 pm
Sasken Technologies Completes $40M Acquisition of BORQS International Holding Corp.
AI Summary
Sasken Technologies Ltd. has completed the acquisition of 100% share capital of BORQS International Holding Corp. and its identified wholly owned subsidiaries for an aggregate consideration not exceeding US$ 40 million. The acquisition, which was executed through Sasken Design Solutions Pte. Ltd., a wholly owned subsidiary of the Company, will enable Sasken to support its customers in designing, developing, and commercializing connected devices from concept to market.
Key Highlights
- Sasken Technologies Ltd. has completed the acquisition of BORQS International Holding Corp. and its identified wholly owned subsidiaries.
- The total consideration for the acquisition is not exceeding US$ 40 million.
- The acquisition was executed through Sasken Design Solutions Pte. Ltd., a wholly owned subsidiary of the Company.
- The acquisition will enable Sasken to support its customers in designing, developing, and commercializing connected devices from concept to market.
- BORQS International Holding Corp. is engaged in the business of providing customized IoT solutions.