Wipro completes acquisition of International TechneGroup

Bengaluru-based IT services company Wipro Ltd has completed the acquisition of US-based International TechneGroup Inc (ITI).

Referring to an earlier announcement on the proposal to acquire ITI, Wipro, in a BSE filing on 4 October, said that “the said acquisition has been completed on October 3, 2019.”

In June this year, Wipro signed a definitive agreement to acquire ITI for $45 million (around ₹318 crore). ITI, a digital engineering and manufacturing solutions company, is said to be a leader in Computer Aided Design (CAD) and Product Lifecycle Management (PLM) interoperability software services.