Wipro, in its biggest acquisition so far, has signed an agreement to buy London-based Capco, a global management and technology consultancy, for $1.45 billion.
“Capco is a good addition for Wipro. It strengthens Wipro’s financial services business and adds scale to its UK and European operations. Both have been targeted by the Wipro chief executive officer as areas to be strengthened. It shows that under him Wipro is taking an acquisitive posture and is likely to be adding more scale and capability through acquisition over the next year or two,” said Peter Bendor-Samuel, chief executive officer, Everest Group.