Wipro to acquire Indeco Ind Spa, terms not disclosed

Wipro (WIT) Hydraulics and Indeco Ind Spa entered into a definitive agreement for Wipro to acquire Indeco Ind Spa. The companies said, “This landmark partnership comes at a symbolic moment, as both companies celebrate 50 years of engineering excellence and market leadership. Indeco manufacturing facility in Bari, Italy The union brings together two leaders in their respective fields: Indeco, a global benchmark in hydraulic attachments, and Wipro Hydraulics, one of the world’s largest independent manufacturers of hydraulic cylinders. This strategic move will provide the global reach and industrial strength required to make us even greater while preserving the identity that has defined the brand for half a century.”