In an all cash deal, Sasken Communication Technologies Ltd., a pioneer in the telecom R&D and support space, has agreed to pay €35.5 million to acquire Finland based Botnia Hightech Oy, a leading provider of wireless R&D and testing services. Sasken is headquartered in Bangalore, India and this acquisition now gives the company a presence in Finland, which will add to its global development centers in Mexico and China, apart from its centers in multiple locations in India.
Based at Kaustinen, Finland, Botnia Hightech has additional operations in Denmark and Germany and is an important supplier of hardware, software, mechanical design and testing services to leading mobile handset vendors. Its services can be applied in R&D projects, subprojects, tester design, as well as for tailor-made turnkey solutions. Sasken has been focusing on a strategy of deepening relationships with Tier 1 customers and Botnia’s customer base will further complement this.
Rajiv Mody, chairman of the board and chief executive officer of Sasken said, “We are tremendously excited by the opportunities that this deal opens up for both Sasken and Botnia. Europe leads the world in the development of wireless technology. Botnia’s European presence and their expertise combined with Sasken’s global reach and India based development centers will enable us to offer a compelling portfolio of value added solutions to our customers across the globe.”
Matti Paasila, chairman of the board of Botnia also commented, “Botnia Hightech has established itself as a successful high-tech company that is a household name in Finland. In Sasken, we have found an ideal partner to build on this strong foundation and become a global leader in the wireless communication space. We expect growth in our Finland business, as well as to gain the ability to serve global customers through this partnership. The cultural affinity between our two organizations will be the key factor in the success of our joint endeavors.”
 | |
| |
 | |
|