M&A Deal Summary

Sasken Technologies Acquires Borqs Technologies

On November 11, 2024, Sasken Technologies acquired technology hardware company Borqs Technologies for 40M USD

Acquisition Highlights
  • This is Sasken Technologies’ 1st transaction in the Technology Hardware sector.
  • This is Sasken Technologies’ largest (disclosed) transaction.
  • This is Sasken Technologies’ 1st transaction in the United States.
  • This is Sasken Technologies’ 1st transaction in California.

M&A Deal Summary
Date 2024-11-11
Target Borqs Technologies
Sector Technology Hardware
Buyer(s) Sasken Technologies
Deal Type Add-on Acquisition
Deal Value 40M USD

Target

Borqs Technologies

Santa Clara, California, United States
Borqs Technologies produces embedded software and products for the Internet of Things (IoT) providing customizable, differentiated and scalable Android-based smart-connected mobile devices and E2E cloud-service solutions. Borqs Technologies was founded in 2007 and is based in Santa Clara, California.

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Buyer(S) 1

Buyer

Sasken Technologies

Bengaluru, India
Category Company
Founded 1989
Sector Engineering
DESCRIPTION

Sasken Technologies is a global product engineering and digital transformation services company. Sasken Technologies is based in Bengaluru, Karnataka.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

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