Wipro to acquire Eximius Design for $80 million

IT services major Wipro on Tuesday said it will acquire engineering services company Eximius Design for USD 80 million (about Rs 586.3 crore).

In a regulatory filing, Wipro said the purchase consideration is USD 80 million.

“Eximius complements Wipro’s EngineeringNXT core strengths and 35-year pedigree in VLSI and systems design,” it added.

This acquisition will help Wipro to expand into newer market segments and elevate the customer’s journey in next-generation technologies such as connected products, embedded AI and security, it said.

Eximius Design has around 1,100 employees and had registered consolidated revenues of USD 35.2 million in 2019.