View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Hardware
December 3, 2015

Wipro buys Cellent to fuel European growth

News: Cellent’s 800 consultants will join Wipro.

By CBR Staff Writer

Wipro has acquired German IT consulting and software service provider Cellent from Landesbank Baden-Wuerttemberg (LBBW) for €73.5m.

Cellent has been operating in the Germany, Austria, and Switzerland (DACH) region for the past 14 years, with the firm reporting $92m in revenue last year.

With the acquisition, Wipro expects to speed up its growth in Europe, especially across the DACH region.

The deal is also likely to provide Wipro with significant scale and prime customer relationships in Wipro’s key industry sectors, which includes manufacturing and automotive sectors across DACH.

Europe plays an important part in Wipro’s revenue, as the region contributed to around a quarter of Wipro’s IT services revenue of $1.8bn in the quarter ended 30th September.

The acquisition will not affect Cellent’s 800 consultants who are working for the company, as now they will become part of Wipro.

Wipro CEO manufacturing NS Bala said: "We welcome cellent to the Wipro family. Cultural synergies and locational proximity are key to building successful customer relationships.

Content from our partners
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business
When it comes to AI, remember not every problem is a nail

"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."

The latest acquisition is the second one for Wipro in less than six months, as the company previously acquired Denmark-based Designit for $95m in July, reported Economic Times.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.