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New Deal


Announced

Wipro to acquire a 60% stake in Aggne for $66m.

Financials

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Transaction Value£52m
Consideration TypeCash
Capital Owned-
Capital Bid For60%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

insurtech

IT Services and IT Consulting

Digital Services

Acquisition

Cross Border

Private

Pending

Friendly

Single Bidder

Majority

Synopsis

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Wipro, a technology services and consulting company, agreed to acquire a 60% stake in Aggne, a consulting and managed services company, for $66m. “We are excited about the growth opportunities this new partnership creates for our company and our current and future clients. Joining forces with Wipro will allow us to reach a larger and global set of clients and deepen our presence in the insurance sector. Further, Wipro’s commitment to talent development will provide our employees with new growth opportunities,” Asha Kalidindi, Aggne Co-Founder and CEO.

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