India's Wipro to buy Harman Connected Services for $375 million


Wipro Ltd logo is seen displayed in this illustration taken, April 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Indian software-services exporter Wipro said it will buy U.S.- based firm Harman's digital transformation solutions (DTS) arm for $375 million to sharpen its AI-led engineering services.

The unit, Harman Connected Services, is part of Samsung's Harman International.

As part of the agreement, over 5,600 DTS employees, across the Americas, Europe and Asia will transition to Wipro upon the closing of the transaction by the endoftheyear, subject to regulatory approvals.

Harman, best known for its audio brands JBL, Harman Kardon and Infinity, runs R&D centresinIndia through its Harman Connected Services arm.

(Reporting by Ananta Agarwal in Bengaluru; Editing by Nivedita Bhattacharjee and Sonia Cheema)

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