Wipro Acquires Harman Connected Services for $375 Million

Wipro Limited, a global IT services company, has agreed to acquire Harman Connected Services for $375 million. The acquisition will expand Wipro's capabilities in the connected car and IoT space. Harman Connected Services provides software and services for connected vehicles, including infotainment, telematics, and cybersecurity solutions. The deal is expected to enhance Wipro's offerings in the automotive and industrial sectors.

Wipro Limited, a prominent global IT services company, has agreed to acquire Harman Connected Services for $375 million. The acquisition aims to expand Wipro's capabilities in the connected car and IoT (Internet of Things) space. Harman Connected Services provides software and services for connected vehicles, including infotainment, telematics, and cybersecurity solutions [1]. This deal is expected to significantly enhance Wipro's offerings in the automotive and industrial sectors.

Harman Connected Services, a subsidiary of Harman International, has been a key player in the digital transformation solutions (DTS) market, particularly in healthcare, communications, and industrial applications in India [2]. The acquisition aligns with Wipro's ongoing strategy to grow through acquisitions and deepen its partnership with global technology leaders [3].

Wipro Technologies has been on an acquisition spree in recent years, including the purchase of US-based IT consulting firm Applied Value Technologies and a 27% stake in SDVerse, an automotive software marketplace [1]. These acquisitions have helped Wipro bolster its enterprise application development and support services, as well as its presence in the automotive sector.

Warburg Pincus, a global private equity firm, is also involved in this deal, signaling a strong appetite for technology-enabled services in India. Warburg Pincus has previously invested in digital engineering and software services, including the digital engineering firm Encora and the SaaS provider Perfios [3].

The acquisition of Harman Connected Services by Wipro is expected to bring significant synergies, leveraging Harman's expertise in connected products and enterprise automation solutions to enhance Wipro's digital transformation capabilities. This deal further solidifies Wipro's position as a key player in the global IT services industry.

References:
[1] https://www.outlookbusiness.com/corporate/wipro-looks-to-acquire-harman-indias-digital-transformation-biz-amid-expansion-spree
[2] https://news.outsourceaccelerator.com/wipro-warburg-deal-harman-india/
[3] https://www.newsbytesapp.com/news/business/wipro-technologies-in-advanced-talks-for-harman-s-india-business/story