Wipro to acquire the Germany and Romania units of METRO for $700m.

Wipro, a global information technology, consulting, and business process services company, agreed to acquire the Germany and Romania units of METRO, an international wholesale company with food and non-food assortments, for $700m. "We are at a stage where we want to focus on the activities that are going to give us the strongest possible competitive advantage and to do that, we need to be confident in the digital infrastructure that underpins our growth. Partnering with Wipro allows us to simplify and streamline our IT landscape, and critically gives us access to innovation and the best digital practices. The Metronomians who are transferring across to Wipro are going to have access to leading edge innovations that will accelerate their careers. I look forward to the continued close collaboration and partnership with the Metronomians who will continue to support our IT needs in 25 METRO countries," Timo Salzsieder, METRO CIO.