BENGALURU, Shares of Wipro Ltd came into focus after the Indian IT services giant announced it will acquire the digital engineering business of HARMAN International for $375 million in an all-cash deal.
The acquisition, Wipro said, is aimed at strengthening its capabilities in digital engineering, cloud, and connected products, further positioning the company as a strategic partner to global enterprises undergoing large-scale digital transformation.
HARMAN, a wholly owned subsidiary of South Korea’s Samsung Electronics Co Ltd, is known for its expertise in automotive technology, consumer audio, and connected services. Its digital engineering division provides product design and development services to clients across industries, including consumer technology, healthcare, and communications.
By integrating HARMAN’s digital engineering team, Wipro will gain access to deep domain knowledge, talent, and client relationships, significantly enhancing its ability to compete in high-value digital engineering projects.
“This acquisition will bolster Wipro’s capabilities in building intelligent connected experiences and accelerate our growth in the digital engineering space,” the company said in a statement.
Analysts noted that the move reflects a broader trend of Indian IT majors deepening their presence in the digital engineering market, which is projected to grow rapidly amid rising demand for cloud-native, AI-driven, and connected product solutions.
Wipro’s stock reacted positively in early trade following the announcement, with market participants closely watching how the integration of HARMAN’s digital unit will impact its revenue trajectory in the coming quarters. The deal is expected to close in the second half of 2025, subject to customary closing conditions and regulatory approvals.
