Wipro to buy Harman's DTS unit for USD 375M in ER&D boost

 

Wipro has signed a deal to buy the Digital Transformation Solutions (DTS) unit of Harman, which is a subsidiary of Samsung, for USD 375 million.

The acquisition is part of Wipro's strategy to boost its engineering research and development (ER&D) services, especially in artificial intelligence (AI)-based digital and device engineering. It is one of Wipro's biggest deals in the ER&D business.

The deal will merge DTS, a US based international ER&D and IT services company, with Wipro's engineering business segment, taking its reach across technology, industrial, aerospace, healthcare, and consumer industries.

"The deal strongly enhances Wipro's ER&D capabilities, bolstering its AI-based digital and device engineering services. Their specialized engineering skill, combined with Wipro's consulting-driven, AI-enabled strength, will substantially increase the value we bring to customers. Together, we will expedite digital innovation, decrease time-to-market, and hone competitive edge." stated Srini Pallia CEO of Wipro.

Key Highlights:

• Wipro to acquire Harman’s DTS unit for USD 375M to expand ER&D
• Acquisition strengthens AI-driven digital & device engineering
• Wipro inks multi-year partnership with Harman and Samsung

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Along with the transaction, Wipro has also entered into a multi-year strategic partnership with Harman and Samsung, enhancing cooperation and opening up future growth possibilities.

DTS is present in 14 countries and posted revenues of about USD 315 million in 2022, USD 308 million in 2023, and USD 314 million in 2024. About 85 percent of its revenue is derived from services, and the rest from products.