India's third biggest software program offerings company Wipro today said it's going to gather German IT consulting firm cellent AG for seventy three.5 million euros (approximately Rs 518 crore).
The deal is anticipated to shut inside the March 2016 sector, Wipro said in a filing to the BSE.
"Wipro has signed an settlement with Landesbank Baden- Wuerttemberg (LBBW) to acquire cellent AG for seventy three.Five million euros... The stocks are being received thru Wipro's subsidiary Wipro Cyprus," it said.
The purchase will offer Wipro with sizeable scale inside the DACH vicinity (Germany, Austria and Switzerland) and top patron relationships, specifically inside the manufacturing and car domain names, Wipro chief government production and hello-Tech NS Bala stated.
Founded in 2002 in Germany, cellent (a subsidiary of LBBW) has offices in Germany (8), Austria () and Switzerland (one). Its service portfolio consists of SAP consulting, software improvement, controlled offerings and infrastructure offerings.
The cellent AG is an IT consulting and system integration companies in Germany , headquartered in Fellbach near Stuttgart with a further ten locations in Germany , Austria and Switzerland . The IT consulting firm employed by state from the year 2012 about 700 employees and generated sales of around EUR 100 million . The principal activity is to optimize infrastructure and business processes through Business Consulting , Software Development , Infrastructure Solutions and Managed Services for large and medium enterprises
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