Friday, 24 March, 2023

Wipro to takeover IT operations of German firm in $700m deal

<p>Wipro is taking over the IT operations of German food services firm Metro AG for five years in a $700 mn deal. The Bengaluru headquartered company will take over the IT units of Metro AG - Metro-Nom - in Germany and Metro Systems in Romania. The deal, which is expected to close by April 2022, has the potential to go up to $1 bn if extended by another four years. 1,300 Metro employees in Germany, Romania and India will be transferred to Wipro.</p> <p>&nbsp;</p>