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Wipro to acquire International TechneGroup Incorporated

06 Jun 2019 Evaluate

Wipro has signed a definitive agreement to acquire International TechneGroup Incorporated (ITI), a global digital engineering and manufacturing solutions company.

ITI's offerings and solutions will be consolidated as a part of Wipro's Industrial & Engineering Services business and will function as a wholly-owned US subsidiary of the company, Wipro's Industrial & Engineering Services provides customers with a platform to innovate and engineer the next generation of products and platforms at scale, using an approach termed as ‘Engineering NXT’.

Wipro is a leading global information technology, consulting and business process services. The company harnesses the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help clients adapt to the digital world and make them successful.

Peers
Company Name CMP
TCS 2191.50
Infosys 1060.65
HCL Technologies 1251.15
Wipro 166.70
Tech Mahindra 1555.15
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