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Announced

Completed

Wipro completed the acquisition of Ampion for $117m.

Financials

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Transaction Value£85m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

cybersecurity

Security Equipment

Cross Border

Private

Acquisition

Australia

Friendly

Majority

Completed

Synopsis

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Wipro, a company providing IT and computer related technologies, completed the acquisition of Ampion, an Australian provider of cyber security, DevOps and quality engineering services, for $117m. “I am excited to welcome Ampion to the Wipro family. Ampion has a successful track record and enjoys immense credibility with leading enterprises in the region, a collaborative work culture, and significant local subject matter expertise. We see Ampion as a complementary force that will help us expand our footprint and accelerate our journey in the Asia Pacific region,” N.S. Bala, Wipro CEO.

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