M&A Deal Summary

Mindtree Acquires Kyocera Wireless Pvt.

On September 29, 2009, Mindtree acquired technology hardware company Kyocera Wireless Pvt. from Kyocera Communications 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 Pvt.
Sector Technology Hardware
Buyer(s) Mindtree
Sellers(s) Kyocera Communications
Deal Type Divestiture
Deal Value 6M USD

Target

Kyocera Wireless Pvt.

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

Bengaluru, India

website


Category Company
Founded 1999
Sector Information 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.

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

San Diego, California, United States

website


Category Company
Sector Technology 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

Osaka, Japan

Motex, Inc. offers security software services.

Buy $127M