M&A Deal Summary

Wipro Acquires ATCO I-Tek

On July 18, 2014, Wipro acquired information technology company ATCO I-Tek for 195M USD

Acquisition Highlights
  • This is Wipro’s 4th transaction in the Information Technology sector.
  • This is Wipro’s 5th largest (disclosed) transaction.
  • This is Wipro’s 1st transaction in Canada.
  • This is Wipro’s 1st transaction in Alberta.

M&A Deal Summary
Date 2014-07-18
Target ATCO I-Tek
Sector Information Technology
Buyer(s) Wipro
Deal Type Add-on Acquisition
Deal Value 195M USD

Target

ATCO I-Tek

Edmonton, Alberta, Canada
Atco I-Tek, the IT services arm of Canadian logistics and utilities provider Atco.

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Buyer(S) 1

Buyer

Wipro

Bengaluru, India
Category Company
Founded 1945
Sector Information Technology
Employees220,000
Revenue 897.6B INR (2024)
DESCRIPTION

Wipro is a global 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, India.

DEAL STATS #
Overall 7 of 27
Sector (Information Technology) 4 of 17
Type (Add-on Acquisition) 5 of 23
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2014) 2 of 2
Size (of disclosed) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-14 Opus Capital Markets Consultants

Lincolnshire, Illinois, United States

Opus Capital Markets Consultants, LLC is a specialized risk management and quality control service provider for a wide range of participants in the mortgage and consumer lending industry. Specialized services include due diligence, valuation, and advisory solutions. These services range from loan level re-underwriting to quality assurance support for operational risk assessments of counterparties and servicers. Opus CMC is the preferred industry choice based on quality, responsiveness and technology. Clients include banks, originators, investors, government institutions and mortgage insurers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-17 Drivestream India Pvt

Chennai, India

Drivestream India Pvt Ltd. is a management and IT consulting firm specializing in migrating the enterprise business processes of large and medium sized businesses to the Cloud.

Buy -
Mergr

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