Wipro buys Yardley personal care businesses

Wipro, India's No 3 software services exporter, said on Thursday it had agreed to buy some personal care businesses of Yardley for about USD 45.5 million, adding to its consumer goods business.

Wipro said it had signed an agreement with UK-based Lornamead group, which owns the Yardley brand, for the businesses in Asia, the Middle East, Australasia and some African markets.

The transaction is expected to be completed by mid-December, it said in a statement.

(Reuters)