Wipro to acquire a samsung-owned tech firm, in a cash deal of $ 375 million

Wipro Limited, Asim Premji-Promoted Tech Firm Based In Bengaluru, Has Entred INTO An Agreement to Acquire The Digital Transformation Solutions (DTS) Business UNIT OF HARMAN, A COMSUNG ComPany, in A C. $ 375 Million, The company informed the stock market on Thursday.

As part of the agreement, over 5,600 DTS Employees Including Key Leadership, Across the Americas, Europe and Asia will transition to wipro upon closing of the transaction, 2025. of the acquisition, dts will be integrated into wipro’s engineering global business line, as per a company communicability.

DTS ‘Strong Presence in High-Growth Sector and Strategic Markets Complemented Wipro’s Global Footprint and Positioning and Together, TOGETHER, The Companies Would Accelerate Digital Innovation, Reduction, Reduction Time-to-MARKET, and Sharpen Competitive Advantage, Said Srini Pallia, CEO and Managing Director of Wipro Limited.

“Welcoming dts into the wipro family marks a Pivotal step in our transformation Journey .. Their specialized engineering expertise, Combined with Wipro’s Consulting-Led, Ai-Powered Capabildies, Wille Significantly enhance the value we deliver to clients, ‘He said.

Christian Sobottka, CEO of Harman, “This Agreement Unlocks The Next Chapter for the DTS Business Unit –one where it can scale faster, Reach More Clients in Key Industries, and Fully Realizes Potential.

Wipro Further Said, DTS Unit Bring to Wipro a Robust Foundation in Digital Engineering and Er & D, with strengths spanning domain-line-design, connected products, and software platforms.

Srikumar Rao, Managing Partner and Global Head of Engineering at Wipro Said, Togeether, Wipro and DTS Would Enable Clients to Seamlessly Connect the Virtual and Physical Worlds, Ei Ai Ai Ai ACROSS the Full Spectrum of Engineering, and Unlock Scalable Innovation. `This move strengthens our software-defined, platform-classric approach, and empers us to deliver larger, More Complex Transformation Programs Across Programs HI-Tech, Consumer, Industrial, Healthcare, and Aerospace, ‘He Added.

The transaction, with purchase considering Earn-outs, Totaling Up to $ 375 Million, is expected to access to accelerate wipro’s mission to deliver next-generating resinery (ER & D) Services.

Post Acquisition, Some 5,600 Employees of DTS, A Connectic-Based Provider of Embedded Software, Digital Engineering, Design Thinking, Device Engineering will be part of wipro. These employees are currently positioned in 14 Countries Including India, US, South Korea, UK, Poland and Germany,