Kavveri Telecom acquires wireless division of WPCS of United States

Bangalore: Kavveri Technologies Americas Inc, the US subsidiary of Bangalore-based Kavveri Telecom Products, a wireless subsystem manufacturer that provides world class hardware products and solutions for the telecom, defense and space industry, has acquired the wireless communication division of Nasdaq-listed WPCS International. WPCS has operations in Lakewood, New Jersey and Hartford Connecticut.

Kavveri's strategy is to build its core wireless technology groups and establish itself as a global end to end wireless infrastructure solutions company. The buyout enhances Kavveri's market positioning both in the cellular and public safety market segments in the US.

The acquisition will provide Kavveri with a comprehensive range of wireless systems solutions including in-building for public safety and cellular applications, network solutions, mobile data, asset tracking, radio systems, video solutions, wireless infrastructure and integrated business systems.

Shivakumar Reddy, managing director, Kavveri Telecom Products said, The essence of the WPCS International Incorporated acquisition not only enhances our wireless systems solutions capabilities but will expand and strengthen our sales channels for Kavveri Group products in the US market. ''

Uma Reddy, President of the company said, Kavveri is now well positioned to take advantage of the significant growth opportunities in both public safety and cellular in building applications in the US.

Kavveri has been very bullish about inorganic growth in the last many years. The company had made several acquisitions across Europe in the past.

Kavveri Telecom completes Rymsa acquisition

BANGALORE: Kavveri Telecom on Saturday said it has completed its acquisitions in Europe with the purchase of Rymsa Telecom Business of Radiacion y Microondas.

It will invest euro 20 million in Rymsa and the acquisition coincides with the launching of 3G in India, Kavveri Telecom MD Shivashankar Reddy told reporters here.

The acquisition significantly enhances Kavveri's antenna product portfolio and expands the existing sales channels for its group of companies in Europe and Latin America, the two key geographical markets, he said.

Adding that Rymsa has technology that would enhance tower handling capacity of operators, which help bringing down cost, Reddy said Kavveri would create separate manufacturing facility for Rymsa requirements at its existing plant in the city.

Kavveri achieved revenue of Rs 315 crore in 2010-11 and profit before tax at Rs 38 crore, he said.

Rymsa Director General Miguel Sanchez Morga said the firm was already supplying 4G equipments in Europe.