Tejas Networks Announces Acquisition of Saankhya Labs P Ltd To Enhance its Wireless Products Offering
BENGALURU India March 31 2022 PRNewswire — Tejas Networks BSE 540595 NSE TEJASNET today announced that it has signed definitive agreements to acquire 6440 of shares of Saankhya Labs Private Ltd Bangalore Saankhya for INR 28394 Cr in cash The initial acquisition of Saankhya shares is expected to close within the next 90 days Tejas Networks upon procuring all necessary consents and approvals also intends to proceed with acquiring the balance 3560 shares through a merger process or a secondary acquisition Saankhya was founded in 2007 by technology entrepreneurs with global experience and has developed a wide range of system and semiconductor products for cellular Wireless Broadcast radios and Satellite communication ground-terminal which are deployed by customers in India and in international markets With a rich IPR portfolio and 73 international patents 41 granted 32 filed Saankhya is a pioneer in building software defined radios SDR powered by its own SDR chipsets Saankhya has a strong technology team of more than 250 engineers with deep expertise in wireless communication systems and fabless-semiconductor design Mr Sanjay Nayak CEO MD of Tejas Networks said We are committed to our vision to create a global telecom equipment company from India which will provide an end-to-end stack of world-class products and solutions based on latest technologies and customer requirements This acquisition shows our continued commitment to expand our wireless product offerings to address the growing market opportunity Saankhyas products would complement our existing 4G5G Radio Access Network RAN products and positions us well for the emerging opportunities in the O-RAN and 5G Broadcast space We are excited to welcome the highly talented and experienced team of Saankhya and the intellect and domain expertise they bring for wireless as well as semiconductor design We expect that this acquisition will accelerate our roadmap to create a full range of trusted and secured world-class telecommunication products Mr Parag Naik Co-founder and CEO of Saankhya Labs said We are delighted to become a part of Tejas Networks which is Indias leading telecom equipment company Being part of Tejas Networks gives us a strong platform to scale up the business for our wireless products and technologies in India as well as in to international markets Our customers and partners will also benefit from a larger product portfolio and an accelerated roadmap of our products This merger will further Saankhyas founding teams vision to build a world class technology company from India ONE Media 30 LLC ONE Media which is the largest shareholder of Saankhya will sell majority of its shareholding in Saankhya and post merger will retain a minority shareholding in Tejas Mr Mark Aitken ONE Medias President said Our close relationship with Saankhya has been critical to moving our company forward in the world of NextGen Broadcasting Saankhya has delivered world-class products technology and solutions spanning across communication as well as semiconductor domains From mobile phone design to low-cost efficient broadcast radio heads enabling single frequency networks its contributions have been a strategic key for us We look forward to continuing our business and technology engagement with Tejas Networks in opportunity areas such as cellularized 5G broadcast infrastructure About Tejas Networks Limited Tejas Networks designs develops and sells high-performance wireline and wireless networking products to telecommunications service providers internet service providers utilities defence and government entities in over 75 countries Tejas products utilize programmable software-defined hardware architecture with a common software code-base that delivers seamless upgrades of new features and technology standards For more information visit Tejas Networks at httpwwwtejasnetworkscom or contact Investor Relations irindiatejasnetworkscom About Saankhya Labs Private Limited Saankhya Labs is a 5G disruptor with a breadth of wireless communication system and semiconductor expertise Saankhya offers a wide range of communication semiconductor products and solutions for 5G NR Broadcast and Satellite Communication applications With several International technology patents and unique chips-to-systems expertise Saankhyas solutions include worlds first production SDR next gen open RAN Solutions for 5G networks multi-standard direct to mobile broadcast solutions and Satellite-IoT products For more details visit wwwsaankhyalabscom Media contact Mr Santosh Kesavan skeshavanindiatejasnetworkscom Tejas Networks Logo httpsmmaprnewswirecommedia826177TejasNetworksLogojpg PWR PWR
BENGALURU India March 31 2022 PRNewswire — Tejas Networks BSE 540595 NSE TEJASNET today announced that it has signed definitive agreements to acquire 6440 of shares of Saankhya Labs Private Ltd Bangalore Saankhya for INR 28394 Cr in cash The initial acquisition of Saankhya shares is expected to close within the next 90 days Tejas Networks upon procuring all necessary consents and approvals also intends to proceed with acquiring the balance 3560 shares through a merger process or a secondary acquisition Saankhya was founded in 2007 by technology entrepreneurs with global experience and has developed a wide range of system and semiconductor products for cellular Wireless Broadcast radios and Satellite communication ground-terminal which are deployed by customers in India and in international markets With a rich IPR portfolio and 73 international patents 41 granted 32 filed Saankhya is a pioneer in building software defined radios SDR powered by its own SDR chipsets Saankhya has a strong technology team of more than 250 engineers with deep expertise in wireless communication systems and fabless-semiconductor design Mr Sanjay Nayak CEO MD of Tejas Networks said We are committed to our vision to create a global telecom equipment company from India which will provide an end-to-end stack of world-class products and solutions based on latest technologies and customer requirements This acquisition shows our continued commitment to expand our wireless product offerings to address the growing market opportunity Saankhyas products would complement our existing 4G5G Radio Access Network RAN products and positions us well for the emerging opportunities in the O-RAN and 5G Broadcast space We are excited to welcome the highly talented and experienced team of Saankhya and the intellect and domain expertise they bring for wireless as well as semiconductor design We expect that this acquisition will accelerate our roadmap to create a full range of trusted and secured world-class telecommunication products Mr Parag Naik Co-founder and CEO of Saankhya Labs said We are delighted to become a part of Tejas Networks which is Indias leading telecom equipment company Being part of Tejas Networks gives us a strong platform to scale up the business for our wireless products and technologies in India as well as in to international markets Our customers and partners will also benefit from a larger product portfolio and an accelerated roadmap of our products This merger will further Saankhyas founding teams vision to build a world class technology company from India ONE Media 30 LLC ONE Media which is the largest shareholder of Saankhya will sell majority of its shareholding in Saankhya and post merger will retain a minority shareholding in Tejas Mr Mark Aitken ONE Medias President said Our close relationship with Saankhya has been critical to moving our company forward in the world of NextGen Broadcasting Saankhya has delivered world-class products technology and solutions spanning across communication as well as semiconductor domains From mobile phone design to low-cost efficient broadcast radio heads enabling single frequency networks its contributions have been a strategic key for us We look forward to continuing our business and technology engagement with Tejas Networks in opportunity areas such as cellularized 5G broadcast infrastructure About Tejas Networks Limited Tejas Networks designs develops and sells high-performance wireline and wireless networking products to telecommunications service providers internet service providers utilities defence and government entities in over 75 countries Tejas products utilize programmable software-defined hardware architecture with a common software code-base that delivers seamless upgrades of new features and technology standards For more information visit Tejas Networks at httpwwwtejasnetworkscom or contact Investor Relations irindiatejasnetworkscom About Saankhya Labs Private Limited Saankhya Labs is a 5G disruptor with a breadth of wireless communication system and semiconductor expertise Saankhya offers a wide range of communication semiconductor products and solutions for 5G NR Broadcast and Satellite Communication applications With several International technology patents and unique chips-to-systems expertise Saankhyas solutions include worlds first production SDR next gen open RAN Solutions for 5G networks multi-standard direct to mobile broadcast solutions and Satellite-IoT products For more details visit wwwsaankhyalabscom Media contact Mr Santosh Kesavan skeshavanindiatejasnetworkscom Tejas Networks Logo httpsmmaprnewswirecommedia826177TejasNetworksLogojpg PWR PWR
