Sidley represented Sasken Technologies Limited (NSE: SASKEN, BSE: 532663), a leading India-listed product engineering and digital transformation services company, on its cross-border acquisition of a target company along with subsidiaries responsible for the hardware and software services business of Borqs Technologies, Inc. (OTC: BRQSF), a global provider of embedded software and internet of things (IoT) products.
This acquisition, completed in April 2025, aligns with Sasken’s 60x4x3 growth strategy and significantly strengthens its end-to-end product development capabilities, from ideation and intellectual property creation to software and hardware realization. The transaction enhances Sasken’s presence in the high-growth IoT, 5G, and connected consumer devices markets while expanding its footprint globally, positioning it for deeper market penetration in rapidly evolving technology sectors.
The total consideration for the acquisition, including earn-outs, was capped at US$40 million.
The Sidley team was led by Raymond Oh (partner, Hong Kong/Singapore) with support from Manoj Bhargava (partner, Singapore), Desmond Ang (partner, Hong Kong/Singapore), Selina Wong (senior managing associate, Hong Kong), and Ryan Lim (managing associate, Singapore).
