Wipro has agreed to acquire Finland Saraware Oy for about 25 million euros in cash. Wipro said, the deal, expected to close in a month, will be funded through a combination of cash and debt.
"This acquisition brings niche skills in development of Base Station Controllers and mobile communication platforms," Ramesh Emani, President, Product Engineering Services of Wipro Technologies.
Saraware, a 21 year old company, is a provider of Design and Engineering services to Telecom companies. This acquisition adds expert domain competencies in the areas of Radio Networks and Secure Mobile platforms.
Sudip Nandy, Chief Strategy Officer, Wipro Technologies commented said, "Over the past few months through acquisitions in Europe we have added local work force in Portugal , Austria, France, and Germany. Saraware gives us a local work-force in the Nordics through a presence in Finland."
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