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Sasken Communication Technologies acquires Botnia Hightech Oy
02/08/2006
Global centre of excellence for hardware and mechanical design to be established in Finland
On the 26th July, Sasken Communication Technologies Ltd, a global provider of software and support services for the communications industry, announced that it has acquired Finland-based Botnia Hightech Oy, a leading provider of wireless R&D and testing services. According to a statement, a definitive agreement between the two companies has been signed, Sasken will pay EUR 35.5 million for Botnia Hightech in an all-cash deal, and planning for the integration process will begin immediately.
According to Sasken, the acquisition is expected to help Sasken scale its portfolio of offerings more rapidly. In a press release, Sasken said it has been focusing on a strategy of deepening relationships with Tier 1 customers and that Botnia Hightech’s customer base will complement this process. Sasken also said that the acquisition gives it a presence in Finland to add to its global development centres in Mexico and China.
“A compelling portfolio of value-added solutions”
Rajiv Mody, Sasken’s CEO and Chairman of the Board, 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 Hightech’s European presence and their expertise combined with Sasken’s global reach and India-based development centres will enable us to offer a compelling portfolio of value-added solutions to our customers across the globe.”
Matti Paasila, Botnia Hightech’s Chairman of the Board, said “Botnia Hightech Oy 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 endeavours.”
Established in 1989 and headquartered in Bangalore (India), Sasken works with network OEMs, semiconductor vendors, terminal devices OEMs and operators around the world. The company has more than 2,800 employees in its offices in India, China, Germany, Japan, Mexico, Sweden, the UK and the US. Based in Kaustinen (Finland), Botnia Hightech employs approximately 230 people and is an important supplier of hardware, software, mechanical-design and testing services to leading mobile handset vendors. In addition to its operations in Finland, Botnia Hightech has facilities in Denmark and Germany.
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