Bengaluru-based Wipro Limited on Thursday (August 21) announced the acquisition of the digital transformation solutions (DTS) business unit of Harman, a Samsung company, expanding the company’s portfolio to deliver next-generation engineering research & development (ER&D) services.
The acquisition is subject to regulatory approvals and is expected to close by December 31, 2025, the company said. The merger will lead to more than 5,600 DTS employees, including senior leadership, transition to Wipro across the Americas, Europe, and Asia.
As part of the deal, Wipro will enter a multi-year strategic agreement with Harman and Samsung to pursue joint growth opportunities and co-develop advanced technologies. Upon completion, DTS will become part of Wipro’s engineering global business line, according to the stock exchange filing.
Srini Pallia, CEO and Managing Director of Wipro, said, “Their specialised engineering expertise, combined with Wipro’s consulting-led, AI-powered capabilities, will significantly enhance the value we deliver to clients. DTS’ strong presence in high-growth sectors and strategic markets complements our global footprint and strengthens our position as a trusted transformation partner. Together, we’ll accelerate digital innovation, reduce time to market, and sharpen competitive advantage.”
DTS sets itself apart with its purposeful integration of deep engineering with AI-native platforms, domain expertise, proprietary accelerators, and autonomous agent frameworks — enabling transformation at scale through technology designed around people, according to the update.
Harman CEO Christian Sobottka said the agreement opens a new growth chapter for the business unit. “As part of Wipro, DTS will have the complementary capabilities and ecosystem needed to expand its impact and accelerate the value it delivers to customers,” Sobottka commented.
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Deutsche Bank Securities served as the financial advisor to Harman for the transaction. Financial details of the deal were not disclosed.
Q1 performance
Wipro reported its results for the June quarter after market hours on July 17. The IT major’s revenue in constant currency terms declined 2% sequentially, and was in line with expectations and at the mid-point of the guidance of -3.5% to -1.5%. Wipro’s margins improved during the quarter to 17.5%. Meanwhile, total bookings increased by 24.1% from the last quarter to $4,971 million.
Shares of the company closed flat at ₹249.9down 0.3% on the BSE, today (August 21).
