GS Group, a St. Petersburg-based industrial holding with vested interests in telecommunications, has bought into Novabase, the leading IT player in Portugal, and is paving the way for a major expansion in Western Europe and Africa.
The sizable Russian manufacturer of TV receivers and software for TV operators announced earlier this week that it had completely taken over Novabase Digital TV EURL and DTV Research and also acquired 49% of Novabase Digital TV in a €5 million deal.
GS hopes the move will open the Novabase markets for Russian chips manufactured at the holding’s flagship asset, GS Nanotech, in Russia’s westernmost enclave of Kaliningrad. The Russian company underscored that its chips are based on its proprietary SiP (system-in-package) technology.
In addition to taking its own SiP technology to yet-untapped markets from Britain to Mozambique, the investor expects the Portuguese company to move its chip production from Asian countries (predominantly China) to Russia’s Kaliningrad, thus helping GS Group extend its product line.
An expert in digital TV products and services and a major European systems integrator, Novabase is present in 40 countries, all areas of interest for the Russian holding, GS pointed out in its press release.
