Wipro signs deal to take over IT units of Metro AG, expects business of $1 billion

Wipro will pay €40 million to acquire the IT assets of Metro in Germany, Romania and India, and take over 1,300 employees.

METRO AG executed an implementation of a multi-year digital and IT strategic partnership with Wipro Limited. Wipro Limited is a leading global information technology, consulting and business process services company. Parts of the current internal IT unit Metro-Nom including more than 1,300 employees will be transferred to Wipro; the remaining units with around 1,000 employees will develop IT solutions for Metro AG’s operational business under the new brand Metro Digital.

Baker Mckenzie legal was advisor on the deal.

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