Sasken Technologies Limited — Important, 09-11-2024: Updates

Sasken Technologies Limited has approved the acquisition of 100% share capital of Borqs International Holding Corp and Borqs Technologies India Private Limited. This strategic move aims to enhance Sasken’s capabilities in designing and commercializing IoT devices and services. The acquisition will cost up to $40 million and is expected to be completed by March 2025. This initiative aligns with Sasken's strategy to drive growth and improve competitiveness in the IoT and 5G markets.