Wipro Enterprises To Acquire Stake In Italy-based Ferretto Automation

Wipro Enterprises’ industrial automation business, Wipro Pari, plans to acquire a majority stake in Italy-based Ferretto Automation and Services, bolstering its position in providing automation solutions for global automotive OEMs. The financial details are undisclosed. Wipro Enterprises operates in consumer care, lighting, hydraulics, aerospace, water treatment and additive manufacturing.