Wipro Limited signed an agreement to acquire Ampion, an Australian cyber security, DevOps and quality engineering services firm, for a $ 117 million purchase consideration.
Wipro’s new operating model focuses on strategic investments in focus geographies, proximity to customers, agility, scale and localization. The acquisition of Ampeon is expected to strengthen its commitment to customers and stakeholders in Australia and New Zealand where the company has been present for more than two decades, according to a regulatory filing by the company on Thursday.
The acquisition is subject to customary closing conditions and regulatory approval and is expected to close in the quarter ended June 30.
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