Wipro to acquire Cellent AG, a Leading IT Consulting and Software Services in Germany

03 Dec 2015

Wipro, a leading global information technology, consulting and business process services company, has signed an agreement with Landesbank Baden-Wuerttemberg (LBBW) to acquire cellent AG for 73.5 Million Euros. Cellent AG is a leading IT consulting and software services company and has been offering holistic innovative IT solutions and services to its customers in the DACH region of Germany, Austria and Switzerland for the past 14 years. cellent AG serves the DACH market region with a team of more than 800 consultants, who will now become part of Wipro.

The DACH market is a strategic growth and investment region for Wipro. This acquisition will provide Wipro with significant scale and prime customer relationships, especially in the Manufacturing and Automotive domains, which are key industry sectors in the DACH region. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to be closed in the quarter ended March 31, 2016.

Wipro is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better. The company delivers winning business outcomes through its deep industry experience and a 360 degree view of ‘Business through Technology’ - helping clients create successful and adaptive businesses.

Related Wipro Ltd. Links:

Wipro Share Price

420.40 -18.45 (-4.20%) Mar 05, 18:59
1 Year Price Chart
Peers
Company Name CMP
TCS 3007.00
Infosys 1316.00
HCL Tech. 941.30
Wipro 420.40
Tech Mahindra 959.50
View more..
Sensex vs Wipro
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback