India-based software firm, Wipro has signed an agreement with Landesbank Baden-Wuerttemberg (LBBW) to acquire Cellent AG for 73.5 Million Euros. Cellent AG which has more than 800 consultants is a leading IT consulting and software services company and has been offering IT solutions and services to its customers in the DACH region of Germany, Austria and Switzerland for the past 14 years.
Wipro said that the DACH market is a strategic growth and investment region for the company. This acquisition will provide Wipro with significant scale and prime customer relationships, especially in the Manufacturing and Automotive domains, which are key industry sectors in the DACH region.
NS Bala, Chief Executive - Manufacturing and Hi-Tech, Wipro Limited
cellent is a well-established player with marquee customers, a well-known brand and has strong local talent. cellent will significantly boost our footprint in the DACH region, especially in the Manufacturing and Automotive domains.
Dr. Peter Rohrbach, CEO, cellent AG
cellent’s mission for continuous improvement has earned us the trust of our customers and opened up many new opportunities, which require global expertise and a wider range of IT services and solutions.
