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Botnia Buys Finnish Botnia Hightech for Rs 210 crore

Bangalore-based Sasken Communications has acquired 100 per cent stake in privately-held Finland-based Botnia Hightech for Rs 210 crore (35.5 million euros), in an all cash deal, to expand its presence in Europe.

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 well as in cost reduction.

"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," said Rajiv Mody, Chairman of the Board and Chief Executive Officer.

This acquisition marks the first acquisition for the provider of software and support services for the communications industry. In April this year it had acquired Chennai-based Integrated SoftTech Solutions (iSoftTech), that works in data networking space, for around Rs 5 crore (USD 1.45 million).

Post acquisition Botnia, which employs around 230 employees, will operate as a wholly-owned subsidiary of Sasken in Finland.


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