Kavveri Telecom Products Ltd, a maker of antennas and radio frequency (RF) products for the wireless industry, has acquired a 67 per cent stake in Canada-based design and development firm, Trackom Systems International, for an undisclosed sum. As a result of the acquisition, Kavveri will have access to Trackcom’s RF products and antennas up to 40 Ghz, which are used in space, defence and telecom applications. The company declined to comment on the deal size.
Trackcom sells its technology to companies that manufacture the products. With this acquisition, Kavveri would get control of Trackom’s IP (Internet Protocol). Kavveri would do the manufacturing of the products either in India or at its North American subsidiaries. The key target markets would be India, US and Europe.