Quick Summary : Wipro Limited announced it will acquire HARMAN’s Digital Transformation Solutions (DTS) business unit for USD 375 million (approx. ₹3,274 crore). DTS, a global provider of ER&D and IT services with 5,600 employees across 14 countries, reported revenues of around ₹2,700 crore annually over the past three years. The deal, expected to close by December 31, 2025, will expand Wipro’s AI-powered engineering and digital solutions portfolio and includes a multi-year strategic partnership with HARMAN and Samsung.
Full Article: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a global technology services and consulting company, announced that it has signed a definitive agreement to acquire the Digital Transformation Solutions (DTS) business unit of HARMAN, a Samsung company, in a transaction valued at up to USD 375 million (approx. ₹3,274 crore).
The acquisition, subject to regulatory and anti-trust approvals in the United States and other jurisdictions, is expected to close by December 31, 2025. Wipro will acquire 100% shareholding in Harman Connected Services Inc. and its subsidiaries, including certain related assets.
Strategic Rationale
DTS is a global provider of engineering research & development (ER&D) and IT services, with expertise in embedded software, digital engineering, device engineering, cloud and infrastructure services, data analytics, AI, and enterprise automation.
Headquartered in Connecticut, USA, DTS has operations in 14 countries and employs more than 5,600 professionals, including in India, the US, South Korea, the UK, Poland, and Germany.
The company reported consolidated revenues of:
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USD 315 million (₹2,749 crore) in CY22
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USD 308.2 million (₹2,690 crore) in CY23
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USD 314.5 million (₹2,745 crore) in CY24
In CY24, about 85% of revenue came from services and 15% from products.
Wipro said the acquisition would expand its ER&D service portfolio, particularly in AI-powered digital engineering and device engineering, serving industries such as technology, industrial, aerospace, healthcare, and consumer sectors.
Leadership Commentary
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Srini Pallia, CEO & Managing Director of Wipro Limited, stated: “Welcoming DTS into the Wipro family marks a pivotal step in our transformation journey. Their specialized engineering expertise, combined with Wipro’s AI-powered capabilities, will significantly enhance the value we deliver to clients.”
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Srikumar Rao, Managing Partner & Global Head of Engineering at Wipro, said: “Together, Wipro and DTS will enable clients to embed AI across the full spectrum of engineering and unlock scalable innovation.”
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Christian Sobottka, CEO of HARMAN, commented: “This agreement unlocks the next chapter for DTS—one where it can scale faster, reach more clients, and realize its growth potential as part of Wipro.”
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Carolin Reichert, Chief Strategy Officer at HARMAN, noted that the transaction would help HARMAN focus on its core strengths in automotive electronics and audio innovation.
Integration and Partnerships
Upon completion, DTS will be integrated into Wipro’s Engineering Global Business Line. Additionally, Wipro will enter into a multi-year strategic partnership with HARMAN and Samsung, aimed at developing AI-first technologies and solutions across product ecosystems. Deutsche Bank Securities Inc. acted as the financial advisor to HARMAN on the transaction.