Sasken Technologies completed the acquisition of the ODM and software services business from Borqs Technologies for $40m.

Sasken Technologies, a specialist in product engineering and digital transformation, completed the acquisition of the ODM and software services business from Borqs Technologies, a provider of 5G wireless solutions, Internet of Things solutions, and innovative clean energy, for $40m. “This acquisition reflects our commitment to expanding our technological footprint and delivering advanced solutions to meet the evolving demands of our customers. By integrating Borqs’ capabilities, we will strengthen our portfolio, improve our competitiveness, and drive future growth in high-demand markets like Automotive, SatCom, Consumer, Industrial, IoT and 5G,” Rajiv C. Mody, Sasken Technologies Chairperson, Managing Director & CEO.