This facility will be fully capable of meeting stringent quality requirements of global customers, the company said in a statement on Wednesday.
Wipro PARI said the acquisition will help with the strategic development of the group in Europe
Wipro Infrastructure Engineering (WIN) will acquire Israel-based H R Givon, supplier of metallic parts and assemblies to the aerospace industry, in an all-cash deal.
Former TCS BPO chief Abid Ali Neemuchwala, who joined the company last month as the Group President and Chief Operating Officer (COO), has been inducted into the core group.
As part of the plan to demerge the non IT business from Wipro Limited, the company has announced a record date for the scheme of arrangment as April 11'2013.
Wipro Infrastructure Engineering, a division of software services provider Wipro, has signed an agreement with Spain’s Compania Espanola De Sistemas Aeronauticos, or CESA, to manufacture precision engineered components for the aerospace and defense sector.
Wipro is acquiring a majority stake in Brazil’s hydraulic cylinder maker RKM Equipamentos Hidraulicos. The acquisition will be a part of Wipro’s infrastructure engineering division.