Sasken Technologies Acquires 100% Stake in BORQS International to Expand Global IoT Footprint

On 8th April 2025, Sasken Technologies Limited announced the successful completion of its 100% acquisition of BORQS International Holding Corp and its wholly owned subsidiaries. The transaction was executed through Sasken Design Solutions Pte. Ltd, a wholly owned subsidiary based in Singapore. With this strategic acquisition, Sasken aims to enhance its offerings in the field of connected devices and Internet of Things (IoT) solutions.

Acquisition to Strengthen End-to-End IoT Capabilities

BORQS International specialises in the design, development, and management of customised IoT devices and solutions. The acquisition supports Sasken’s ambition to provide a full-stack service — from ideation and intellectual property development to software implementation, product realisation, and hardware supply chain management. This move positions Sasken as a more comprehensive solution provider in the IoT space, catering to a global clientele.

The share purchase agreement was signed on 8th April 2025 for a total consideration not exceeding $40 million (approximately ₹338 crore), subject to adjustments and completion of specific conditions. This acquisition does not involve any related party transactions and was carried out entirely in cash.

Global Expansion with Strategic Presence Across Key Markets

Established in 2007, BORQS International has a presence in India, Hong Kong, and the People’s Republic of China. Over the past three years, its turnover has ranged between $29 million and $52 million. With this acquisition, the BORQS entities have become step-down subsidiaries of Sasken, adding to its global operational footprint and expanding its market reach.

Sasken intends to leverage BORQS’s capabilities to better support its clients with integrated solutions and accelerate the commercialisation of next-generation connected products. The acquisition does not require any governmental or regulatory approvals.

Sasken Technologies Share Performance 

As of April 09, 2025, at 2:30 PM, Sasken Technologies share price is trading at ₹1,303.35 per share, reflecting a decline of over 2% from the previous day’s closing price.

Conclusion

The acquisition of BORQS International by Sasken Technologies marks a pivotal step in its growth strategy, aimed at reinforcing its position in the IoT ecosystem. With enhanced technical capabilities and a broader geographic presence, Sasken is now poised to offer deeper value to its customers in the fast-evolving digital landscape.

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