Wipro to Buy UK Consulting Firm Capco for $1.45 Billion | In the News

Wipro Ltd. on Thursday announced that it had agreed to acquire Capco, a London-based technology consultancy, for $1.45 billion. The deal, once completed, is expected to help the Indian IT services provider gain a firmer foothold and presence in the European market, especially in the financial services industry where the U.K. firm has an established clientele.

“Under Thierry, Wipro is taking an acquisitive posture and is likely to be adding more scale and capability through acquisitions over the next year or two,’’ said Peter Bendor-Samuel, CEO, Everest Group, a Dallas-based research firm.

Read more in The Hindu

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