BANGALORE: Sasken Communication Technologies Ltd has acquired Botnia Hightech Oy (Botnia), a provider of wireless R&D and testing services for € 35.5 million in an all cash deal. Kaustinen, Finland-based Botnia Hightech is a supplier of hardware, software, mechanical design and testing services to mobile handset vendors. Botnia's services can be applied in R&D projects, subprojects, tester design, as welt as in cost reduction. They also offer tailor-made turnkey solutions. 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 € 17.7 million with a Profit After Tax of € 2.9 million. This acquisition is expected to help Sasken scale its offering portfolio faster. The company has been focusing on a strategy of deepening relationships with Tier 1 customers and Botnia's customer base will further complement the same, said Sasken. The acquisition also gives the company a presence in Finland, which will add to its global development centers in Mexico and China, apart from its centers in multiple locations in India. Rajiv Mody, chairman of the Board and chief executive officer, of 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 centers will enable us to offer a compelling portfolio of value added solutions to our customers across the globe.” The definitive agreement has been signed between the two companies. 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. © CyberMedia News
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