Wipro Mergers and Acquisitions Summary

Information TechnologyCompany

Wipro has acquired 29 companies, including 15 in the last 5 years. A total of 10 acquisitions came from private equity firms. It has also divested 5 assets.

Wipro’s largest acquisition to date was in 2021, when it acquired Capco for $1.5B. It’s largest disclosed sale occurred in 2009, when it sold Infocrossing to Mariner Systems for $600M. Wipro has acquired in 8 different US states, and 8 countries. The Company’s most targeted sectors include information technology (62%) and business services (16%).

Join Mergr and gain access to Wipro’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the information technology sector.

M&A Summary

  • M&A Total Activity31
    • M&A Buy Activity26
    • M&A Sell Activity5
  • Total Sectors Invested 6
  • Total Countries Invested 8
  • M&A Buy/Sell Connections 18
  • M&A Advisors 1

Wipro

Wipro Ltd.

Doddakannelli, Sarjapur Road,
Bengaluru, 560035
India,
+91 80 2844 0011
www.wipro.com

Wipro is a global information technology, consulting and outsourcing company with 145,000 employees serving over 900 clients in 60 countries. Wipro helps customers to do business better leveraging our industry-wide experience, deep technology expertise, comprehensive portfolio of services and a vertically aligned business model. Our 55+ dedicated emerging technologies ‘Centers of Excellence’ enable us to harness the latest technology for delivering business capability to our clients. Wipro was founded in 1945 and is based in Bengaluru, India.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (2.6/yr) # 13 2 1 4 4 2 26
vol $1.8B $80M $1.5B $3.4B
Sell (0.4/yr) # 3 - 1 - 1 - 5
vol $600M $110M $710M
  31

Most Recent M&A

Company Date Value Type
Rizing Holdings LLC 2022-04-26 - Add-on Acquisition
Stamford, Connecticut · www.rizing.com
Convergence Acceleration Solutions LLC 2022-04-11 - Add-on Acquisition
Roswell, Georgia · www.casgroup.com
Edgile, Inc. 2021-12-20 - Add-on Acquisition
Austin, Texas · www.edgile.com
LeanSwift Solutions, Inc. 2021-12-15 - Add-on Acquisition
Cocoa Beach, Florida · www.leanswift.com
Denim Group Ltd. 2021-06-01 - Divestiture
San Antonio, Texas · www.denimgroup.com
Ampion Holdings Pty Ltd. 2021-04-01 - Add-on Acquisition
Melbourne, Australia · www.ampion.com.au
Capco 2021-03-04 1.5B USD Add-on Acquisition
London, United Kingdom · www.capco.com
Encore Theme Technologies Pvt. Ltd. 2020-10-28 - Add-on Acquisition
Chennai, India · www.encoretheme.com
Eximius Design 2020-10-13 80M USD Add-on Acquisition
San Jose, California · www.eximiusdesign.com
4C Consulting Ltd. 2020-07-23 - Add-on Acquisition
London, United Kingdom · weare4c.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Wipro Infrastructure Engineering Ltd.    - H.R Givon Ltd. 2016-08-01 2
Bengaluru, India · www.wiproinfra.com Kiryat Bialik, Israel · www.hrgivon.com
Wipro Infrastructure Engineering Ltd.    - Hydrauto Group AB 2006-09-28 1
Bengaluru, India · www.wiproinfra.com Skelleftea, Sweden

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 16 (62%) 952M (28%) 4 (80%) 710M (100%)
Business Services 4 (15%) 1.5B (46%) - -
Software 3 (12%) - - -
Internet Software and Services 1 (4%) 500M (15%) 1 (20%) -
Consumer Products 1 (4%) 246M (7%) - -
Financial Services 1 (4%) 130M (4%) - -
Total 26 $3.4B 5 $710M

By Geo

State/Country Buy Value Sell Value
United States 14 1.2B 3 600M
  New Jersey 3 130M 2 600M
  Texas 2 - 1 -
  Illinois 2 - - -
  Florida 2 460M - -
  California 2 580M - -
  Ohio 1 - - -
  Georgia 1 - - -
  Connecticut 1 - - -
India 4 220M 1 110M
Brazil 2 8M - -
United Kingdom 2 1.5B - -
Australia 1 - - -
Canada 1 195M - -
  Alberta 1 195M - -
Finland - - 1 -
Germany 1 83M - -
Malaysia 1 246M - -
Domestic 4 (15%) 220M (7%) 1 (20%) 110M (15%)
Cross-border 22 (85%) 3.2B (93%) 4 (80%) 600M (85%)
Total 26 $3.4B 5 $710M

Top M&A Advisors

Financial Deals
Stone Key Partners LLC
1

Deal Values

buy # Total
> $1B 1 $1.5B
$100M to $1B 6 $1.7B
< $100M 4 $263M
TOTAL $3.4B
Largest Capco
$1.5B (2021-03-04)
sell # Total
$100M to $1B 2 $710M
TOTAL $710M
Largest Infocrossing, Inc.
$600M (2009-06-01)

M&A Connections

Deals
Acquired from
Investor(s)
27%
7 (27%)
Strategic(s)
8%
2 (8%)
Divested to
Investor(s)
20%
1 (20%)
Strategic(s)
80%
4 (80%)

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