Bengaluru, India – April 14, 2025 — Sasken Technologies Limited (NSE: SASKEN, BSE: 532663), a leading global provider of product engineering and digital transformation services, has officially completed the acquisition of BORQS International Holding Corp as of April 8, 2025. This move is a major step forward in Sasken’s strategic plan to enhance its capabilities in Internet of Things (IoT), 5G, and connected product development.

The deal was first announced on November 9, 2024, when Sasken disclosed its intent to acquire the ODM (Original Design Manufacturer) and software services business of Borqs Technologies, Inc. The acquisition is a cornerstone of Sasken’s 60x4x3 strategic growth framework, designed to focus on 60 high-value accounts across four key verticals, scaling through three transformational levers: engineering innovation, platform development, and strategic partnerships.

Key Objectives of the Acquisition

With the integration of Borqs Technologies, Sasken aims to:

• Accelerate its chip-to-cognition journey by embedding specialized embedded design skills at scale.

• Bolster its intellectual property (IP) portfolio, especially in wireless technologies, Android platforms, and cloud services.

• Extend its reach in high-demand sectors such as semiconductors, automotive, consumer electronics, SatCom, and industrial automation.

By bringing Borqs’ 300+ embedded design professionals into its ecosystem, Sasken enhances its ability to provide end-to-end product development, from concept to commercial production.

About Borqs Technologies and Its Value to Sasken

Borqs Technologies, Inc., headquartered globally and with operations in India and China, is renowned for its customizable and scalable Android-based smart devices and IoT cloud solutions. It holds licenses for Android and Android Wear, enabling the creation of robust, scalable embedded platforms.

Borqs’ strategic alliances with leading chipset vendors and its strong IP base make it a high-value asset in the fast-evolving space of connected consumer devices, wearable tech, and 5G hotspots. The acquisition gives Sasken access to Borqs’ Android IP library, wireless frameworks, and device design capabilities, thereby expanding Sasken’s innovation bandwidth significantly.

Leadership Integration and Vision

As part of the integration process, Mr. Hareesh Ramana, a co-founder of Borqs Technologies and current Managing Director of Borqs India, will join the leadership team at Sasken. He will play a key role in driving synergy between the two organizations and ensuring a seamless alignment of Borqs’ expertise with Sasken’s strategic vision.

Leadership Commentary

Mr. Rajiv C. Mody, Chairperson, Managing Director & CEO of Sasken Technologies Limited, commented:

“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.”

Mr. Hareesh Ramana, now a part of Sasken’s leadership, added:

“Joining forces with Sasken gives us the strategic scale and technological alignment to accelerate innovation in connected devices, IoT, and 5G. With our Agile and Tech-first approach, we are confident in our ability to deliver even greater value to our customers and partners worldwide.”

About Sasken Technologies

Sasken is a global specialist in Product Engineering and Digital Transformation services, offering concept-to-market R&D solutions across industries. With over 30 years of experience, Sasken serves Fortune 500 companies in semiconductors, automotive, telecom, consumer electronics, SatCom, and enterprise devices.

The company has powered over a billion devices worldwide, holding multiple patents and a reputation for delivering mission-critical innovation across embedded systems and connectivity solutions.

Website: www.sasken.com

About Borqs Technologies, Inc.

Borqs is a global innovator in the field of smart connected devices and IoT solutions. The company specializes in Android-based embedded platforms, partnering closely with chipset providers to develop custom, scalable devices for global markets. Borqs has been recognized for its deep IP expertise, including integration of software stacks, optimization techniques, and 5G innovations.

Website: www.borqs.com

Strategic Implications and Forward Path

The Sasken–Borqs acquisition comes at a time when global demand for connected devices, edge computing, and 5G integration is soaring. With rising investment in IoT, smart cities, AI-powered industrial automation, and vehicle-to-everything (V2X) communications, the acquisition places Sasken in a strong competitive position to lead next-generation engineering transformation.

Moreover, this partnership offers Sasken the opportunity to leverage Borqs’ cloud and mobile platform innovations, while enhancing its offerings in cybersecurity, system integration, and product lifecycle management (PLM).

Media Contact

Sasken Technologies Limited
Rekha Sahay Ghosh
Head of Marketing & Communications
Email: pr@sasken.com
Phone: +91 80 6694 3009

Disclaimer on Forward-Looking Statements

This press release contains forward-looking statements that are subject to risks and uncertainties. Actual results may vary due to technological shifts, regulatory changes, global market dynamics, foreign policies, inflation, interest rate fluctuations, and competitive pressures. Readers are advised to refer to Sasken’s filings and future updates for accurate guidance.

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