Wipro to take over Brazil’s IVIA Serviços for about Rs 169 cr

Wipro will acquire IVIA Serviços, a specialised IT Services provider to financial services, retail and manufacturing sectors in Brazil, for $ 22.4 mn. The acquisition will help Wipro set up delivery centres in the north-east of Brazil leveraging IVIA’s workforce. The transaction of purchase is likely to be ended during the quarter ending  September 30, 2020. Wipro has a strong presence in Latin America countries – Brazil, Mexico, Chile, Colombia and Costa Rica.

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