Wipro Technologies bought the United States-based Quantech Global Services for $10 million in an all cash deal to strengthen its competence in mechanical engineering design and analysis services.
With this deal, Wipro is equipping itself for the large offset business which is expected to flow into India. Quantech, a 16-year-old firm with revenues of $12.7 million, has expertise in the automotive and aviation design sector sectors.
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Wipro has absorbed Quantech's team of 500 employees in Bangalore and Hyderabad centres and would serve its 20 clients, including General Motors, Daimler Chrysler and Nissan.
This is the second acquisition in this space for Wipro after it acquired NewLogic, a system on chip design firm for Rs 240 crore ($56 million) in December 2005.
Image: Wipro chief Azim Premji
Photograph: Jewella C Miranda
Also read: Azim Premji's 8 steps to excellence
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