Wipro To Acquire IVIA

Press enter to search
Close search
Open Menu

Wipro To Acquire IVIA

07/16/2020

IT tech and consulting service provider Wipro Limited has signed an agreement to acquire IVIA Serviços de Informática Ltda.

Headquartered in Brazil, IVIA provides IT solutions including system development, maintenance, consulting and project management services to clients in the consumer goods and manufacturing sectors, as well as those in retail, financial services, transportation and healthcare.

Wipro has offices across five countries in Latin America — Brazil, Mexico, Chile, Colombia and Costa Rica — and this move will help Wipro expand its footprint in the region, as well as set up delivery centers in the Northeast Brazil leveraging IVIA’s workforce.

“We welcome employees of IVIA to the Wipro family. They bring with them unique strengths and experience that will be of immense benefit to Wipro,” said said Mukund Seetharaman, VP and head of LATAM, Wipro Limited. “We continue to make strategic investments in this region and this acquisition will help Wipro address the needs of clients across multiple verticals. Wipro’s digital capabilities combined with IVIA’s strengths will maximize benefits for clients.”

The acquisition expected to be completed by the end of September.

L’Oréal has signed an agreement to acquire Thayers Natural Remedies, a skincare brand from Henry Thayer Company.

Borden will be acquired by Capitol Peak Partners, a private equity firm founded by former WhiteWave chairman Gregg Engles, as part of a $340 million sale.  

Peter Harf will be elevated to the role of executive chairman and will work closely with the new CEO to lead Coty’s transformation.