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Sasken Technologies to acquire hardware, software services business of Borqs

11 Nov 2024 Evaluate

Sasken Technologies is planning to acquire hardware and software services business of Borqs Technologies, Inc. (Borqs) a global provider of embedded software and products for the Internet of Things (IoT).

This strategic move is aligned with Sasken’s 60x4x3 strategy to drive growth, innovation, and competitiveness in the market. The acquisition will enable Sasken to support customers in designing, developing, and commercializing connected devices from concept to market. It includes ideation, IP development, software and product realization, and hardware supply chain management. Working closely with chipset partners, Sasken will create a range of connected devices, including mobile phones, tablets, smartwatches, and various IoT products.

Sasken will assume control of Borqs hardware and software services business assets and operations, without any associated liabilities. The total consideration, inclusive of earn-outs, management incentives, and other payouts, shall not exceed $40 million. Earnouts are linked to performance of target entities in 2025. The transaction is expected to be complete by the end of 2024 and the companies together will continue investing in innovation to develop cutting-edge solutions that align with customers’ strategic goals.

Sasken Technologies is a specialist in Product Engineering and Digital Transformation providing concept-to-market, chip-to-cognition R&D services to global leaders in Semiconductor, Automotive, Industrials, Consumer Electronics, Enterprise Devices, SatCom, Telecom, and Transportation industries.

Sasken Technologies Share Price

1346.80 36.40 (2.78%)
17-Apr-2026 16:59 View Price Chart
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