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1h ago

Wipro to Acquire HARMAN’s Digital Transformation Solutions Unit for Up to $375 Million

The move aligns Wipro’s ER&D expansion with HARMAN’s exit from non-core services.

Wipro Ltd logo is seen displayed in this illustration taken, April 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
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Overview

  • More than 5,600 DTS employees across the Americas, Europe, and Asia will transition to Wipro, along with 18 global offices.
  • Wipro plans to integrate DTS into its Engineering Global Business Line after closing, subject to regulatory approvals.
  • The companies disclosed a multi-year strategic agreement involving Wipro, HARMAN, and Samsung.
  • The transaction is expected to close by December 31, 2025, according to regulatory filings.
  • DTS, headquartered in Connecticut, reported roughly $308–$315 million in annual revenue from 2022 to 2024 and provides ER&D and IT services spanning embedded software, digital engineering, device engineering, cloud, analytics, and automation.