Wipro to acquire Digital Transformation Solutions business unit of Harman

Wipro (WIT) announced that it has entered into an agreement to acquire the Digital Transformation Solutions business unit of Harman in a transaction that will accelerate Wipro’s mission to deliver next-generation engineering research & development services. As part of the agreement, over 5,600 DTS employees, including key leadership, across the Americas, Europe and Asia will transition to Wipro upon closing of the transaction. The acquisition is subject to regulatory approvals and is expected to close by December 31. As part of the acquisition, Wipro will enter into a multi-year strategic agreement with Harman and Samsung (SSNLF). Upon completion of the acquisition, DTS will be integrated into Wipro’s engineering global business line.