Wipro (through its subsidiaries) has signed a definitive agreement to acquire 100% shareholding in Applied Value Technologies, Inc and its affiliates Applied Value Technologies Pte and Applied Value Technologies B.V. (AVT), which are part of the Applied Value Group on December 16, 2024. The transaction is expected to be completed at the latest by December 31, 2024.
AVT will help enterprises transform IT operations through a highly customized and data-driven approach. AVT will augment Wipro’s existing application services capabilities, helping drive new growth opportunities. The cost of acquisition is up to $40 million.
Wipro is a leading global information technology, consulting and business process services company.
