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Wipro's $1.45 bn UK acquisition

Mar 04, 2021 19:17 IST | By Editorji News Desk

Indian tech giant Wipro has acquired a British consultancy firm Capco for $1.45 bn. This is a cash transaction and is expected to be completed during the quarter ending June 30 this year. 

Capco is a management and technology consultancy firm headquartered in London with a focus on BFSI clients. Capco has over 5,000 employees and is present in 30 locations. The firm reported revenue of $700 million in 2020.

This is Wipro's largest acquisition ever at $1.45 bn.