Information Technology services major Wipro Ltd said on Thursday it would buy privately-held British consultancy firm Capco for $1.45 billion.
London-based Capco serves banking and financial institutions across the Americas, Europe and Asia-Pacific regions, Wipro said in a regulatory filing adding that Capco services clients in the energy and commodities trading sector as well.
Capco has an experienced executive team withover 5,000 employees across the globe including India, US, UK, France, Germany, Poland, Slovakia, Austria, Poland, Switzerland, Brazil, Singapore, Malaysia and Hong Kong.
The firm will operate as a separate unit (Capco – A Wipro Company), the IT services major said.
With the acquisition, Wipro claims to be “one of the largest providers of integrated, end-to-end consulting, digital, cloud and IT transformation services at scale,” the company stated.
By combining Wipro’s capabilities in strategic design, digital transformation, cloud, cybersecurity, IT and operations services with Capco’s domain and consulting strength, clients