Kavveri gets board approval for acquisition of European co

Indian telecom equipment maker Kavveri Telecom approved aquisition of radio frequency company in Europe.

PTI | May 24, 2011



The company board of Indian telecom equipment maker Kavveri Telecom on Monday approved the acquisition of an RF (radio frequency) company in Europe.

"We can not disclose the name of company at the moment but I can say that it has very good RF technology. The revenues of company is around Euros 15 million," Shivakumar Reddy, Managing Director, Kavveri Telecom Products told PTI. Reddy added that the company has access to European, Latin American and African markets, which will give Kavvery Telecom direct access to these companies.

RF technology is used to make products like electronic tag on products in mall, contactless smart card, toll card among others. After acquisition, Kavveri will shift manufacturing of the European firm's product to India.

"The company is European and being in Europe its cost of manufacturing is high. After acquisition, we will shift manufacturing of its product in India. This will be in lien with our strategy to make India manufacturing hub," Reddy said. The acquisition of the company will be done through internal funds of the company. On size of acquisition, Reddy said that company will announce it only after the completion of the deal.

Kavveri recently bagged an order of Rs 750 million from Europe and the company hopes that this acquisition would give it better position to get large orders from the customers in Europe. Recently, Kavveri also announced launch of indigenously made 4G antenna with an investment Rs 35 million.

In the past four years, Kavveri Telecom has acquired four North American RF and antennas manufacturing companies -- Tiltek Antennae, DCI Digital Communication, Soptwave Wireless, and Trackcom Systems International.

Comments

 

Other News

How the mind can help the body heal itself

Why do some people recover from illness against all odds? Can our beliefs, emotions and consciousness influence the body’s ability to heal? Drawing on over three decades of experience in medicine, research and medical innovation, internationally trained ophthalmologist and author Dr Dinesh Verma ex

1,364 anti-cancer formulations to cost less from today

The National Pharmaceutical Pricing Authority (NPPA), under the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, has capped trade margins on the Maximum Retail Price (MRP) of 137 anti-cancer drugs. This was based on the recommendations of an Expert Committee constitute

Who checks the books?

I read about the news about the Coimbatore library over coffee this morning. On the face of it, the headline was about a political ‘war’ between the DMK and TVK. But what stayed with me was something much more important than the blame game behind what had transpired. A writer walking through

Development paradox: Falling poverty miracle and an inequality problem

India’s reduction in poverty over the past decade is a development achievement of considerable significance. The World Bank’s April 2026 ‘India Development Update’ estimates that the share of Indians living below the international extreme-poverty line of $3.00 per person per day i

In Arunachal, a river we call mother

In Arunachal Pradesh, the Siang is not just a river. For many of us, especially the Adi people, it is part of our family. Our grandparents fished in it. Children learned to swim in it. Our farms drink from it. When someone says a huge dam will be built on it, we do not hear the word "project".

A new retelling of the Mahabharata delves into key moments

In a time when every decision carries consequences and questions of ambition, power, loyalty, identity and moral choice continue to shape our lives, Dr. Arun Krishnan’s new book, ‘Mahakshana’ (Penguin India) offers a strikingly relevant retelling of the Mahabharata.  

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter