Wipro to Acquire HARMAN’s Digital Transformation Solutions unit for Rs 32.72 Bn
ECONOMY & POLICY

Wipro to Acquire HARMAN’s Digital Transformation Solutions unit for Rs 32.72 Bn

Bengaluru-based IT services company Wipro has announced the acquisition of HARMAN’s (a Samsung company) Digital Transformation Solutions (DTS) business unit in a deal valued at Rs 32.72 billion. The transaction is expected to close by the end of this year, subject to regulatory approvals.

Headquartered in Connecticut, USA, DTS provides engineering research and development (ER&D) and IT services across industrial, consumer, hi-tech, healthcare and life sciences sectors. Its offerings include embedded software, digital engineering, design thinking and device engineering. The unit employs more than 5,600 people across 14 countries, including India, the US, South Korea, the UK, Poland and Germany, all of whom will transition to Wipro upon completion of the acquisition.

The deal expands Wipro’s ER&D capabilities, particularly in AI-powered digital engineering and device engineering, spanning design-to-manufacturing solutions across technology, aerospace, healthcare and consumer industries. DTS reported consolidated revenues of $315 million in 2022, $308.2 million in 2023 and $314.5 million in 2024, with services accounting for around 85 per cent of its CY24 revenue.

As part of the acquisition, Wipro will enter into a multi-year strategic agreement with HARMAN and Samsung. Once completed, DTS will be integrated into Wipro’s Engineering Global Business Line.

News source: Deccan Herald

Bengaluru-based IT services company Wipro has announced the acquisition of HARMAN’s (a Samsung company) Digital Transformation Solutions (DTS) business unit in a deal valued at Rs 32.72 billion. The transaction is expected to close by the end of this year, subject to regulatory approvals.Headquartered in Connecticut, USA, DTS provides engineering research and development (ER&D) and IT services across industrial, consumer, hi-tech, healthcare and life sciences sectors. Its offerings include embedded software, digital engineering, design thinking and device engineering. The unit employs more than 5,600 people across 14 countries, including India, the US, South Korea, the UK, Poland and Germany, all of whom will transition to Wipro upon completion of the acquisition.The deal expands Wipro’s ER&D capabilities, particularly in AI-powered digital engineering and device engineering, spanning design-to-manufacturing solutions across technology, aerospace, healthcare and consumer industries. DTS reported consolidated revenues of $315 million in 2022, $308.2 million in 2023 and $314.5 million in 2024, with services accounting for around 85 per cent of its CY24 revenue.As part of the acquisition, Wipro will enter into a multi-year strategic agreement with HARMAN and Samsung. Once completed, DTS will be integrated into Wipro’s Engineering Global Business Line.News source: Deccan Herald

Next Story
Infrastructure Transport

Chembur Metro to Boost East Mumbai Links

MMRDA is advancing eastern Mumbai’s urban mobility network, with the upcoming Chembur Metro Station set to emerge as a key interchange and the Mumbai Monorail preparing for relaunch.Dr Sanjay Mukherjee, Metropolitan Commissioner, MMRDA, conducted a site visit to Chembur Metro Station along with Kanhuraj Bagate, Managing Director, MMMOCL. He also visited the nearby VN Purav Monorail Station to review system preparedness and ease of interconnectivity.Once operational, the interchange is expected to offer commuters across the eastern suburbs quicker access, smoother transfers and seamless conne..

Next Story
Equipment

Herrenknecht TBMs Drive Thane–Borivali Tunnel Progress

Herrenknecht India has supplied two of the four tunnel boring machines (TBMs) required for the 11-km Thane–Borivali Twin Tunnel Project being developed by the Mumbai Metropolitan Region Development Authority (MMRDA). The project is expected to reduce travel time between Thane and Borivali from 60–90 minutes to around 15 minutes while easing congestion across the Mumbai Metropolitan Region.The first two Single Shield TBMs, named Nayak and Arjuna, feature 13.34-m cutterhead diameters and are designed for hard-rock excavation. They will be deployed to tunnel through the challenging geological..

Next Story
Resources

KBL Launches Smart Skid Mounted Fire Pump Set

Kirloskar Brothers (KBL) has launched its Smart Skid Mounted Fire Pump Set, an integrated fire protection solution designed to improve operational efficiency, remote monitoring and installation flexibility. The system was inaugurated by Ms Madhuritai Misal, Hon. Minister of State for Urban Development, Government of Maharashtra.The Smart Skid Mounted Fire Pump Set is a factory-tested, pre-packaged solution that combines FM/UL-certified motor and engine pump sets with IoT-enabled remote monitoring. Designed to deliver a flow rate of 170 m³/hr at a head of 100 metres, the system aims to provide..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->