Wipro to buy U.K. consulting firm Capco for $1.45 billion
The Hindu
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.
“Wipro and Capco share complementary business models and core guiding values,” Wipro’s CEO and MD Thierry Delaporte said in a statement. “Together, we can deliver high-end consulting and technology transformations, and operations offerings to our clients,” he added.
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