Image Source : Business Today
Wipro Ltd has announced a landmark acquisition to purchase 100% shareholding in Harman Connected Services for a consideration of up to $375 million. This strategic move not only expands Wipro’s global footprint in connected technologies but also includes a multi-year strategic partnership agreement with Harman and Samsung. Over 5,600 Harman employees will transition to Wipro, signaling a significant increase in the company’s workforce and capability in the IT services sector.
Key Highlights of the Acquisition and Partnership
Wipro is acquiring full ownership of Harman Connected Services, a global leader in connected car services, software product engineering, and digital customer experience.
The purchase consideration for the acquisition totals up to $375 million, reflecting Wipro’s commitment to investing in high-growth technology verticals.
The deal involves a multi-year strategic agreement with Harman International and its parent company Samsung, aimed at delivering integrated technology and innovation in the connected automotive and smart device industries.
Approximately 5,600 employees working under Harman Connected Services will transfer to Wipro, significantly expanding Wipro’s talent pool and technical expertise.
The acquisition strategically positions Wipro to enhance its offerings in mobility, automotive technologies, and digital customer experience enabled by connected devices and IoT.
Wipro will leverage Harman’s industry leadership and Samsung’s scale to innovate in areas like cloud services, artificial intelligence, machine learning, and analytics for automotive and consumer electronics sectors.
About Harman Connected Services and Its Strategic Importance
Harman Connected Services is renowned for providing cutting-edge connected vehicle services, telematics, infotainment, and cloud-based digital solutions to automotive OEMs and technology providers worldwide. Their deep expertise in delivering embedded software, enterprise applications, and digital experiences aligns closely with Wipro’s vision for expanding its digital and engineering services portfolio.
The acquisition enables Wipro to accelerate growth in automotive software and IoT-driven solutions, fast-tracking Wipro’s capabilities in next-generation digital platforms that integrate vehicles, mobile devices, and cloud systems.
Multi-Year Strategic Deal With Harman and Samsung
Beyond the acquisition, the partnership agreement sets a framework for long-term collaboration with Harman and Samsung. This enables co-innovation opportunities aimed at bringing advanced connected solutions to markets faster and more efficiently.
The agreement anticipates joint investments in cloud infrastructure, software development, AI implementation, security frameworks, and data analytics — all key enablers of smart automotive and consumer device ecosystems.
Employee Transition and Organizational Growth
The smooth transition of over 5,600 Harman employees to Wipro reflects the scale and ambition behind this deal. These professionals bring critical skill sets spanning software engineering, cloud computing, analytics, and product innovation.
This talent infusion is expected to bolster Wipro’s delivery capacity, accelerate time-to-market for new solutions, and expand geographic reach in key global markets.
Business and Market Implications
This acquisition places Wipro at the forefront of the connected automotive and smart device services market, a sector poised for explosive growth due to rising demand for smart mobility and IoT integration.
The combined strengths of Wipro, Harman, and Samsung reinforce customer confidence, enabling deeper engagements with automotive manufacturers and technology enterprises.
The move is expected to enhance Wipro’s digital engineering portfolio, helping it compete aggressively with other global IT services majors investing in automotive technologies.
Financially, the investment represents a strategic allocation geared towards long-term value creation and revenue diversification within high-margin technology services.
The partnership model emphasizes collaborative innovation, positioning Wipro to co-develop next-generation smart mobility solutions encompassing autonomous driving, connected infotainment systems, and integrated consumer electronics.
Future Outlook for Wipro and Partners
With the acquisition closing, Wipro is poised to accelerate its growth trajectory in digital transformation services with a special focus on connected technologies. The next few years are likely to see intensified innovation, expanded service capabilities, and new client wins in automotive and smart devices sectors powered by this deal.
Collaborative endeavors with Harman and Samsung are expected to stimulate product development cycle efficiencies and first-mover advantages across multiple major markets worldwide.
This acquisition marks a pivotal moment for Wipro as it cements its place as a leading global IT services player in the automotive and connected ecosystems, riding the wave of rapid digitization and smart technology adoption.
Source Names: Wipro official disclosures, Reuters, Economic Times, Bloomberg Quint, Business Standard
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