Sasken Communication buys Botnia Hightech Oy

Mumbai, Jul 26: Sasken Communication Technologies has picked up the cent per cent acquisition of Finland-based Botnia Hightech Oy (Botnia), a leading provider of wireless R&D and testing services, for euro 35.5 million in an all-cash deal.

Announcing this, the company's press release to BSE said the services of Botnia Hightech, based at Kaustinen in Finland, can be applied in research and development projects, sub-projects, tester design, as well as in cost reduction.

The acquisition is expected to give Sasken 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.

''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,'' company's Chairman and CEO Rajiv Mody said.

UNI