Sasken Technologies Expands Global Footprint with Borqs International Acquisition

Sasken Technologies Ltd has successfully completed the acquisition of Borqs International Holding Corp, marking a significant milestone in its growth strategy. The acquisition, executed through Sasken's Singapore-based subsidiary, positions the company as a leader in the Internet of Things (IoT) and connected devices sector, enhancing its end-to-end capabilities.

 

Borqs International, known for its expertise in designing and managing customized IoT solutions, brings a wealth of experience and a strong global presence to Sasken. This strategic move aligns with Sasken's vision to provide comprehensive solutions, from ideation and intellectual property development to product realization and supply chain management.

 

The acquisition, valued at approximately $40 million, is expected to strengthen Sasken's offerings in high-demand markets such as IoT and 5G technologies. With Borqs' established operations in India, Hong Kong, and China, Sasken is set to expand its market reach and deliver innovative solutions to a broader clientele.

 

Key highlights of the acquisition include the integration of Borqs' capabilities into Sasken's portfolio, the focus on next-generation connected products, and the strategic expansion into key global markets. This development underscores Sasken's commitment to driving innovation and delivering value to its customers.

 

Sources: Angel One, Sasken Technologies, Business Standard.