German IT Firm Cellent AG Brought by Wipro for Rs 518 Crore

 

Wipro Ltd has announced signing an agreement to acquire German IT services company cellent AG for 73.5 million euros (Rs 518 crore).

The German company is a leading IT consulting and software services outfit and has been offering IT solutions and services to its customers in the DACH region (Germany, Austria and Switzerland) for the past 14 years. It (cellent AG) serves the DACH market region with a team of more than 800 consultants, who will now become part of Wipro.

“The DACH market is a strategic growth and investment region for Wipro. This acquisition will provide Wipro with significant scale and prime customer relationships, especially in the manufacturing and automotive domains, which are key industry sectors in the DACH region”, said a Wipro spokesman.

“We welcome cellent AG to the Wipro family. Cultural synergies and locational proximity are key to building successful customer relationships. Cellent is a well-established player with marquee customers, a well-known brand and has strong local talent. cellent will significantly boost our footprint in the DACH region, especially in the Manufacturing and Automotive domains”, said NS Bala, Chief Executive - Manufacturing and Hi-Tech, Wipro, said.