Wipro to buy Harman Connected Services for $375 million

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Software-services exporter rel=”dofollow” href=”https://economictimes.indiatimes.com/wipro-ltd/stocks/companyid-12799.cms” target=”_blank”>Wipro said it will buy US- based firm Harman’s digital transformation solutions (DTS) arm for $375 million to sharpen its AI-led engineering services.

The unit, Harman Connected Services, is part of Samsung’s Harman International.

As part of the agreement, over 5,600 DTS employees, across the Americas, Europe and Asia will transition to rel=”dofollow” href=”https://economictimes.indiatimes.com/wipro-ltd/stocks/companyid-12799.cms” target=”_blank”>Wipro upon the closing of the transaction by the end of the year, subject to regulatory approvals.

Harman, best known for its audio brands JBL, Harman Kardon and Infinity, runs R&D centres in…



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Wipro to buy Harman Connected Services for $375 million



Software-services exporter rel=”dofollow” href=”https://economictimes.indiatimes.com/wipro-ltd/stocks/companyid-12799.cms” target=”_blank”>Wipro said it will buy US- based firm Harman’s digital transformation solutions (DTS) arm for $375 million to sharpen its AI-led engineering services.

The unit, Harman Connected Services, is part of Samsung’s Harman International.

As part of the agreement, over 5,600 DTS employees, across the Americas, Europe and Asia will transition to rel=”dofollow” href=”https://economictimes.indiatimes.com/wipro-ltd/stocks/companyid-12799.cms” target=”_blank”>Wipro upon the closing of the transaction by the end of the year, subject to regulatory approvals.

Harman, best known for its audio brands JBL, Harman Kardon and Infinity, runs R&D centres in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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