Wipro set to acquire Cellent AG
Q. Country’s third largest software firm will acquire German IT consulting firm Cellent AG for INR 518 crore. Which company is this?- Published on 03 Dec 15
The third largest software services company Wipro will acquire German IT consulting company Cellent AG for INR 518 crore. The all cash deal will conclude in March 2016, according to a BSE filing by the company. The agreement has been signed with Landesbank Baden-Wuerttemberg (LBBW) to acquire Cellent AG for 73.5 million euros. Wipro subsidiary Wipro Cyprus is making the acquisition which will provide significant scale for the company in the DACH region (Austria, Germany and Switzerland). The German company founded in 2002 has 8 offices in Germany, 2 in Austria and 1 in Switzerland.