By siliconindia | Friday, 05 March 2021, 04:14 Hrs Global software major Wipro said on Thursday that it has signed an agreement to acquire the UK-based management and technology firm Capco for $1.45 billion (Rs 10,551 crore) to provide digital, Cloud and IT services to financial institutions in the US, Europe and Asia-Pacific. The acquisition will make us one of the largest consulting, technology and service providers to the banking and financial services industry, said the city-based IT behemoth in a statement here. The acquisition is expected to close in the quarter ending June 30, 2021. London-headquartered Capco s clients include the marquees in the global financial services industry.
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Bengaluru– Global software major Wipro on Tuesday announced that its is taking over the IT operations of German food services firm Metro AG in a $700 million (Rs 5,171 crore) deal.
“As a part of the transaction, Wipro will take over the IT units of Metro AG – Metro-Nom – in Germany and Metro Systems in Romania,” said the city-based IT firm in a statement.
The deal value for the first five years is worth $700 million, with a potential to go up to $1 billion if extended by another four years.
The takeover is expected to close by April 30, 2021. The transaction was assisted by the global strategy consulting firm EY-Parthenon.
By siliconindia | Wednesday, 23 December 2020, 04:25 Hrs Global software major Wipro on Tuesday announced that it is taking over the IT operations of German food services firm Metro AG in a $700 million (Rs 5,171 crore) deal. As a part of the transaction, Wipro will take over the IT units of Metro AG - Metro-Nom - in Germany and Metro Systems in Romania, said the city-based IT firm in a statement. The deal value for the first five years is worth $700 million, with a potential to go up to $1 billion if extended by another four years. The takeover is expected to close by April 30, 2021. The transaction was assisted by the global strategy consulting firm EY-Parthenon.