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Announced

Completed

Wipro completed the acquisition of International TechneGroup.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Digital Services

Private

digital engineering

Natural

United States

Acquisition

Single Bidder

Completed

Majority

Synopsis

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Wipro, an information technology, consulting and business process services company, completed the acquisition of International TechneGroup, a global digital engineering and manufacturing solutions company. Financial terms were not disclosed. “As enterprises innovate and invest in ‘EngineeringNXT’, they are looking for ways to build a Digital Thread across design, engineering, and manufacturing. This acquisition complements Wipro’s core strengths in Industry 4.0 and allows us to offer end-to-end solutions in Digital Engineering and Manufacturing. We are pleased to welcome ITI’s employees and are confident that their unique offerings and solutions will add value to our organization,” Harmeet Chauhan, Wipro Senior Vice President, Industrial & Engineering Services.

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