Borqs Technologies (BRQSF) has released an update.
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Sasken Technologies is set to acquire Borqs Technologies’ hardware and software services, a move that aims to bolster Sasken’s market presence in IoT and 5G sectors. The acquisition, valued at up to $40 million, will enhance Sasken’s capabilities in developing connected devices, aligning with its growth strategy. This strategic partnership is expected to unlock synergies, driving innovation and competitiveness for both companies.
For further insights into BRQSF stock, check out TipRanks’ Stock Analysis page.
