SENSEX NIFTY
May 01, 2012, 01.20 PM IST | Source: Reuters

Wipro to buy Australian company for $37m

Wipro, India's No. 3 software services exporter, has signed an agreement to buy Australia's Promax Applications Group for 35 million Australian dollars, it said in a statement on Monday.

Wipro to buy Australian company for $37m

Wipro, India's No. 3 software services exporter, has signed an agreement to buy Australia's Promax Applications Group for 35 million Australian dollars, it said in a statement on Monday.

The acquisition will help Wipro strengthen its position in analytics and information management services, the company said, adding the deal will be closed by end June. Avendus Capital acted as the exclusive financial advisor.

 

ADS BY GOOGLE

video of the day

Go for midcaps in cement space, bullish BPCL, IOC: HDFC Sec

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.