Kavveri gets board approval for acquisition of European co -Governance Now

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

Maharashtra adopts hybrid model for Census 2026 data collection

The government has initiated preparations for Census 2026 in Maharashtra, introducing a hybrid approach that combines optional self-enumeration with comprehensive door-to-door data collection to ensure complete coverage across the state. According to senior officials, the Self-

What the nine Indian Nobel winners have in common

A Touch Of Genius: The Wisdom of India’s Nobel Laureates Edited by Rudrangshu Mukherjee Aleph Books, Rs 1499, 848 pages

Income Tax dept holds Ghatkopar Outreach on new IT Act

The Income Tax Department organised an outreach programme in Ghatkopar, Mumbai, to raise awareness about the key features of the Income Tax Act, 2025, effective April 1, 2026. The initiative is part of a nationwide effort to promote taxpayer awareness, simplify compliance, and strengthen a transparent, eff

Making AI work where governance is closest to people

India’s next governance leap may not solely come from digitisation. It will come from making public systems more intelligent, more adaptive, and more responsive to the dynamics at the grassroots. That opportunity is especially significant at the panchayat level, where governance is not an abstract po

Borrowing troubles: How small loans are quietly trapping youth

A silent crisis is playing out in the pocket of young India, not in stock markets or government treasuries, but in smartphones of college students and first-jobbers who clicked on the Apply Now button without reading the small print. A decade ago, to take a loan, you had to do some paperwor