Wipro to Acquire Harman Connected Services for $375 Million

Wipro ( (WIT) ) has issued an announcement.

On August 21, 2025, Wipro Limited announced its agreement to acquire Harman Connected Services Inc. and its subsidiaries, collectively known as DTS, from Harman International Industries, Inc. The acquisition, valued at up to $375 million, is expected to be completed by December 31, 2025, and aims to enhance Wipro’s engineering and IT service capabilities. This strategic move is set to expand Wipro’s offerings in AI-powered digital engineering and device engineering, providing clients with a combination of specialized service and global reach. The acquisition requires anti-trust approvals under U.S. competition laws and is anticipated to strengthen Wipro’s market position in the ER&D and IT services industry.

The most recent analyst rating on (WIT) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on Wipro stock, see the WIT Stock Forecast page.

Spark’s Take on WIT Stock

According to Spark, TipRanks’ AI Analyst, WIT is a Outperform.

Wipro’s overall stock score is driven by its strong financial foundation and fair valuation, despite mixed technical signals and a cautiously optimistic earnings call. The company’s strategic focus on large deals and AI initiatives provides potential for future growth, but geographic and sector-specific challenges remain.

To see Spark’s full report on WIT stock, click here.

More about Wipro

Wipro Limited is a leading global information technology, consulting, and business process services company headquartered in Bangalore, India. It provides a range of services including digital strategy, consulting, and IT services across various industries such as technology, industrial, aerospace, healthcare, and consumer sectors.

Average Trading Volume: 6,692,040

Technical Sentiment Signal: Hold

Current Market Cap: $29.72B

For an in-depth examination of WIT stock, go to TipRanks’ Overview page.