Acquisition History / Sasken Technologies Ltd / BORQS International Holding Corp and related target entities
Sasken Technologies Ltd Acquires BORQS International Holding Corp and related target entities
Announced April 8, 2025 — $40M
What happened
The BORQS target entities provide customised IoT solutions including design, implementation and product management of IoT devices, offering turnkey concept-to-market services. Sasken Technologies executed a share purchase agreement on 8 April 2025 to acquire 100% for an aggregate consideration including earn-outs of up to US$40M.
- Acquirer
- Sasken Technologies Ltd
- Target
- BORQS International Holding Corp and related target entities
- Announced
- April 8, 2025
- Price
- $40M
- Industry
- IoT solutions and product engineering
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Sasken Technologies Ltd acquire BORQS International Holding Corp and related target entities?
Sasken Technologies Ltd acquired BORQS International Holding Corp and related target entities on April 8, 2025. This was Sasken Technologies Ltd's 1st publicly tracked acquisition out of 1 we have on record.
How much did Sasken Technologies Ltd pay for BORQS International Holding Corp and related target entities?
Sasken Technologies Ltd paid $40M for BORQS International Holding Corp and related target entities.
What does BORQS International Holding Corp and related target entities do?
The BORQS target entities provide customised IoT solutions including design, implementation and product management of IoT devices, offering turnkey concept-to-market services. Sasken Technologies executed a share purchase agreement on 8 April 2025 to acquire 100% for an aggregate consideration including earn-outs of up to US$40M.
What other IoT solutions and product engineering companies has Sasken Technologies Ltd acquired?
BORQS International Holding Corp and related target entities is Sasken Technologies Ltd's only publicly tracked acquisition in IoT solutions and product engineering so far.