Software services exporter Wipro Ltd. has agreed to buy Europe-based retail solutions provider Enabler for about 41 million euros (USD 52.41 million) in an all-cash deal to strengthen its services to global retailers.
The acquisition will be profit accretive with immediate effect, the company said in a statement.
Enabler has 310 staff and its turnover exceeds 30 million euros. Founded in 1997, the company has a presence in Italy, Germany and France amongst other European countries, according to its website.
The company is scouring Europe and the U.S. for acquisitions. Wipro had recently announced that it is acquiring U.S. based Quantech Global Services LLC, a provider of computer aided design and engineering services to the automotive, aerospace and consumer goods industries.
