Wipro plans integration with Capco its biggest buy!
Wipro s PMI team is looking effective integration with Capco, which it acquired for $1.45 billion
Rukmini Rao | April 16, 2021 | Updated 13:11 IST
When Wipro announced the acquisition of London-headquartered Capco, which provides digital, consulting and technology services in BFSI sector for $1.45 billion, analysts saw this as a positive provided the integration went on well.
Wipro had earlier stated that the acquisition was an all-cash deal and was expected to be completed during the quarter ending June 30, 2021 subject to regulatory approvals. The company aims to achieve double digit growth in the range of 11-13 percent in FY22, which excludes revenues from the acquisitions. I fully realise the difference in size and in profile, but that s where the richness of the association will come, said Thierry Delaporte, CEO and Managing Director.