Divestiture • Internet Software and Services

UTC Climate Controls & Security Systems Acquires Wipro EcoEnergy

On March 6, 2017, UTC Climate Controls & Security Systems acquired internet software and services company Wipro EcoEnergy from Wipro

Acquisition Context
  • This is UTC Climate Controls & Security Systems’ 1st transaction in the Internet Software and Services sector.
  • This is UTC Climate Controls & Security Systems’ 1st transaction in the United States.
  • This is UTC Climate Controls & Security Systems’ 1st transaction in New Jersey.

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M&A Deal Summary

Date March 6, 2017
Target Wipro EcoEnergy
Sector Internet Software and Services
Buyer(s) UTC Climate Controls & Security Systems
Sellers(s) Wipro
Deal Type Divestiture

Target Company

Wipro EcoEnergy

East Brunswick, New Jersey, United States
Wipro EcoEnergy is an energy management solutions company that optimizes customers' energy consumption by analyzing insights gained from their software-as-a-service platform, big data analytics and domain-centric people and processes.
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Buyer Overview 1

Buyer

UTC Climate Controls & Security Systems

Farmington, Connecticut, United States

Category Company
Sector Machinery
DESCRIPTION

UTC Building & Industrial Systems is a provider of building technologies. Its elevator, escalator, fire safety, security, building automation, heating, ventilation, air conditioning and refrigeration systems and services promote integrated, high performance buildings that are safer, smarter and sustainable. UTC Building & Industrial Systems is a unit of United Technologies Corp.


Deal Context for Buyer #
Overall 2 of 2
Sector: Internet Software and Services 1 of 1
Type: Divestiture 1 of 1
State: New Jersey 1 of 1
Country: United States 1 of 1
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-18 Forney

Addison, Texas, United States

Forney Corp.,manufactures front-end combustion components serving the electric utilities, chemical processing, pulp/paper and cement industries. Forney has expanded its product line to include igniters, burners, burner management systems, flame detectors and duct burners.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-18 Taylor Co.

Rockton, Illinois, United States

Taylor Co. is a provider of beverage solutions, soft serve and ice cream dispensing equipment, frozen drink machines, and automated double-sided grills. Taylor is based in Rockton, Illinois.

Sell USD1.0B

Seller Profile 1

SELLER

Wipro

Bengaluru, India

Category Company
Founded 1945
Sector Information Technology
Employees230,000
Revenue 890.9B INR (2025)
DESCRIPTION

Wipro is an information technology, consulting, and outsourcing company with 145,000 employees serving over 900 clients in 60 countries. The company helps customers to do business better by leveraging its industry-wide experience, deep technology expertise, comprehensive portfolio of services, and a vertically aligned business model. Wipro was founded in 1945 and is based in Bengaluru, Karnataka.


Deal Context for Seller #
Overall 3 of 5
Sector: Internet Software and Services 1 of 1
Type: Divestiture 3 of 5
State: New Jersey 2 of 2
Country: United States 2 of 3
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-25 InfoSERVER SA

Osasco, Brazil

InfoSERVER SA is an IT services provider, which is focussed on the Brazilian market, provides custom application development and software deployment services.

Buy R$28M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-01 Denim Group

San Antonio, Texas, United States

Denim Group is an independent application security firm that provides ThreadFix a software application vulnerability correlation and resolution platform, will offer mitigating cybersecurity risks. Denim Group is based in San Antonio, Texas.

Buy -