Wipro to acquire Harman's DTS biz unit for $375 mn

Wipro is buying the digital transformation solutions (DTS) business of audio products maker Harman for $375 million in cash to deepen its push into engineering research & development (ER&D) services.

- AVIK DAS

The deal is expected to be completed by the end of this year and will need the US antitrust's nod. It would result in more than 5,600 DTS employees, including key leadership across the Americas, Europe and Asia, moving to Wipro.

The deal will help Wipro have stronger capabilities in domain-led design, connected products, and software platforms.

With deep engineering and artificial intelligence (AI)-native platforms, domain expertise, proprietary accelerators and autonomous agent frameworks, it will help the Bengaluru-based company expand into a high-margin business.

US-based Harman is a unit of Samsung, which was bought by the South Korean conglomerate in 2018.