Kavveri Telecom Products Ltd., which manufactures antennas and RF (Radio Frequency) products, has acquired Canada based design and development company, Trackcom Systems International, for an undisclosed amount. Kavveri has made the acquisition through its wholly owned subsidiary Kavveri Technologies International, Canada.
According to a report in The Hindu, Kavveri now holds a 67% stake in Trackcom Systems International. The company plans to continue hiking its stake in Trackcom over the next few years.
While Kavveri manufactures base station antennas and accessories for both GSM and CDMA operators, Trackcom does designing and development for defence, electronic warfare and aerospace areas. Kavveri now plans to make a foray into these areas too. Kavveri also manufactures antennas for use in In-Building Solutions (IBS), specialised antenna for use in the defence sector and antenna for WiMAX.
The acquisition will give Kavveri an access to Trackcom’s portfolio of RF products and antennas of upto 40 Ghz useful for space, defence and telecom applications, besides enabling its foray into the defence and space segments. Kavveri will also now be able to tap the wireless market in digital video broadcast, IPTV, mobile TV and WiMAX.
Kavveri has till now acquired 3 Canadian companies that include antenna manufacturer- Til-Tek, DCI Canada, which operates in the area of RF products and filters and Spotwave Wireless Inc. Canada. Kavveri had also acquired the technology and IP rights of Sigma Wireless, Ireland from PCTel USA.
Kavveri Telecom Products was established in 1991. Its customers include Motorola, Ericsson, Nokia-Siemens, Nortel, ZTE, Alcatel-Lucent, Idea, Reliance, BSNL and WorldSpace.
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