Product category:
Design and Development Software
News Release from: Sasken Communication Technologies
Edited by the Electronicstalk Editorial
Team on 28 July 2006
Sasken joins forces with Botnia Hightech
Sasken Communication Technologies (India) joins forces with Botnia Hightech Oy (Finland) to become one of the leading global suppliers for wireless RandD Services
Sasken Communication Technologies (Sasken), a pioneer in the telecom RandD and support space, has announced the 100% acquisition of Finland based Botnia Hightech Oy (Botnia), a leading provider of wireless RandD and testing services Sasken will pay 35.5 million (Euros Thirty Five point five million) for Botnia in an all cash deal
This article was originally published on Electronicstalk on 16 Dec 2002 at 8.00am (UK)
Related stories
Mobile multimedia focuses on Intel PCA platform
Sasken Communication Technologies is to supply its MMS Client and other mobile multimedia applications optimised for the Intel PCA platform.
Multimedia applications speed new services
The Strawberra range of multimedia applications and codecs includes a videophone terminal, a media application suite and an MMS client.
Based at Kaustinen, Finland, Botnia Hightech is an important supplier of Hardware, Software, Mechanical Design and Testing Services to leading mobile handset vendors.
Botnia's services can be applied in RandD projects, subprojects, tester design, as well as in cost reduction.
They also offer tailor-made turnkey solutions.
Further reading
More help for handset manufacturers
Sasken is to extend its capability for providing model development services for handset manufacturers.
Application framework fits LoCosto-based handsets
Sasken's Aria application framework has been successfully integrated on to Texas Instruments' LoCosto single-chip value platform.
Botnia Hightech Oy's main operations are in Finland with additional operations in Denmark and Germany.
For the year ended April 30, 2006, Botnia reported revenues of EURO17.7 million with a Profit After Tax of EURO2.9 million.
Sasken has been a leader in providing R and D and support outsourcing services to companies across the communications value chain.
This acquisition is expected to help Sasken scale its offering portfolio faster.
Sasken has been focusing on a strategy of deepening relationships with Tier 1 customers and Botnia's customer base will further complement the same.
The acquisition also gives Sasken a presence in Finland, which will add to its global development centres in Mexico and China, apart from its centres in multiple locations in India.
Rajiv Mody, Chairman of the Board and Chief Executive Officer, Sasken said, "We are tremendously excited by the opportunities that this deal opens up for both Sasken and Botnia".
"Europe leads the world in the development of wireless technology".
"Botnia's European presence and their expertise combined with Sasken's global reach and India based development centres will enable us to offer a compelling portfolio of value added solutions to our customers across the globe".
"Botnia Hightech Oy has established itself as a successful high-tech company that is a household name in Finland".
"In Sasken, we have found an ideal partner to build on this strong foundation and become a global leader in the wireless communication space".
"We expect growth in our Finland business, as well as to gain the ability to serve global customers through this partnership".
"The cultural affinity between our two organisations will be the key factor in the success of our joint endeavors," says Matti Paasila, Chairman of the Board of Botnia.
The definitive agreement has been signed between the two companies, and integration planning will start immediately.
A joint team has been identified to work on various aspects of the integration process.
The integration process will start immediately after the closing day.
The integration will be a significant exercise considering the cross-cultural and global nature of the process involved.
The top management of both companies has reiterated their commitment and focus on executing this exercise seamlessly.
• Sasken Communication Technologies: contact details and other news
• Email this article to a colleague
• Register for the free Electronicstalk email newsletter
• Electronicstalk Home Page
Search the Pro-Talk network of sites
