According to media reports, Wipro Enterprises’ industrial automation business, Wipro Pari, will acquire a majority stake in Italy-based Ferretto Automation and Services.

This acquisition will strengthen Wipro Pari’s position as a leader in providing automation solutions for global automotive OEMs. The financial details have not been disclosed.

Wipro Enterprises has two business verticals: Wipro Consumer Care and Lighting, and Wipro Infrastructure Engineering. The latter operates in hydraulics, industrial automation, aerospace, water treatment and additive manufacturing.

Categories: Other News

Tags: Acquisition, Ferretto Automation, Stakes, Wipro Enterprises