M&A Deal Summary

Mindtree Acquires Kyocera Wireless Pvt.

On September 29, 2009, Mindtree Ltd. acquired technology hardware company Kyocera Wireless (India) Pvt. Ltd. from Kyocera Communications, Inc. for 6M USD

Acquisition Highlights
  • This is Mindtree’s 1st transaction in the Technology Hardware sector.
  • This is Mindtree’s 2nd largest (disclosed) transaction.
  • This is Mindtree’s 1st transaction in India.

M&A Deal Summary

Date 2009-09-29
Target Kyocera Wireless (India) Pvt. Ltd.
Sector Technology Hardware
Buyer(s) Mindtree Ltd.
Sellers(s) Kyocera Communications, Inc.
Deal Type Divestiture
Deal Value 6M USD

Target

Kyocera Wireless (India) Pvt. Ltd.

Bengaluru, India
Kyocera Wireless (India) Pvt. Ltd. is a provider of wireless product development, software engineering, and product testing.

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Buyer(S) 1

Buyer

Mindtree Ltd.

Bengaluru, India

website


Category Company
Founded 1999
SectorInformation Technology
Revenue 2.0B USD (1970)
DESCRIPTION

MindTree was started in 1999 and is focused on IT and R&D services. Mindtree is listed on the NSE and BSE.


DEAL STATS #
Overall 1 of 7
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 2
Country (India) 1 of 3
Year (2009) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-22 Sevenstrata IT Services Pvt. Ltd. (dba 7Strata)

Chennai, India

7Strata is a remote infrastructure management (RIM) services provider. 7Strata offers end-to-end, fully integrated, remote IT monitoring and management services.

Buy -

Seller(S) 1

SELLER

Kyocera Communications, Inc.

San Diego, California, United States

website


Category Company
SectorTechnology Hardware
DESCRIPTION

Kyocera Communications, Inc. is a provider of CDMA cell phones.


DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
Country (India) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-17 Motex, Inc.

Osaka, Japan

Motex, Inc. offers security software services.

Buy $127M