Wipro Limited, a global leader in IT consulting and business process services, has announced its plan to acquire Harman Connected Services Inc. (DTS) for up to US$375 million. This acquisition is aimed at boosting Wipro’s capabilities in Engineering Research & Development (ER&D) and expanding its digital engineering and IT services portfolio.
Wipro–DTS Acquisition Deal Highlights
- Transaction Value: Up to US$375 million (cash deal, including earn-outs)
- Stake: 100% acquisition of DTS shares from Harman International Industries, Inc.
- Expected Completion: By December 31, 2025, subject to U.S. anti-trust and other regulatory approvals
This move underscores Wipro’s commitment to strengthening its position in AI-powered services, cloud, digital engineering, and enterprise automation.
What DTS Brings to Wipro
Headquartered in Connecticut, USA, DTS operates across 14 countries with a workforce of over 5,600 employees. The company has built strong expertise in multiple areas, including:
- Embedded Software
- Digital Engineering
- Device Engineering
- Cloud & Infrastructure
- Data Analytics & AI
- Enterprise Automation
- Customer Experience & Design Thinking
These capabilities align with Wipro’s strategy to enhance its digital transformation offerings across industries such as technology, aerospace, healthcare, and consumer markets.
Financial Performance of DTS
DTS has reported consistent revenues over the last three years:
| Year | Revenue (USD Million) |
| 2022 | 315.00 |
| 2023 | 308.20 |
| 2024 | 314.50 |
In 2024, services contributed 85% of revenue, while product sales accounted for 15%.
Strengthening Wipro’s Global Footprint
The acquisition enhances Wipro’s global delivery presence, adding strength in regions such as the U.S., India, South Korea, UK, Poland, and Germany.
- DTS’s high-touch, personalized service model will complement Wipro’s large-scale, technology-driven operations, creating a balanced service delivery ecosystem.
Looking Ahead: Synergies for Growth
The Wipro–DTS integration is expected to generate strong synergies by combining:
- DTS’s niche expertise in ER&D and digital services
- Wipro’s scale, resources, and global reach
This will enable Wipro to deliver specialized, AI-driven, client-focused solutions while strengthening its market position in digital engineering services worldwide.
Key Takeaways for Investors
- Acquisition Value: US$375 million
- Deal Closing Timeline: By 31st December 2025 (subject to approvals)
- Strategic Impact: Boost in ER&D, AI, and digital engineering services
- Global Reach Expansion: Delivery strength in U.S., Europe, and Asia
Disclaimer
This article is intended for educational purposes only. The securities and companies mentioned are examples, not investment recommendations. This does not constitute financial advice or personal recommendations.