Wipro Technologies, an information technology and outsourcing company, is poised to acquire the IT arm of a major company in Germany. The company has initiated talks with potential targets in Germany, even though the names were kept under wraps.
All major companies — BMW, Lufthansa, BASF and Siemens — have captive IT organisations in Germany. While automobile major BMW has an IT subsidiary, Softlab, with SAP capabilities, German airline major Lufthansa runs Lufthansa Systems, the third biggest IT vendor in Germany. BASF’s IT services division and a host of small companies could also be on the Indian IT major’s radar.
The company is on the lookout for acquisition that would help it gain a presence in the continent and embark on a much faster growth rate.
(Source: Business Standard)
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