Wipro inks $700-MN IT takeover deal with Metro AG

23 dec 2020

Wipro inks $700-MN IT takeover deal with Metro AG

Software services firm
major Wipro Ltd on Tuesday announced a strategic digital and IT partnership deal with German wholesaler METRO AG, in a deal that is expected to generate revenue of over ₹1,000 crore per year for the Bengaluru-based firmThe estimated deal value for the duration of the first 5 years is approximately $700 million. With the intention to extend up to four additional years, it can be a potential spend of up to $1 billion,Wipro will deliver a complete technology, engineering and solutions transformation program for METRO as it positions itself as a wholesale 360-degree provider in the hotel, restaurant and catering food industry fuelled by quality, focus and flexibility.The Digital Innovation Hub will aim to galvanise adoption of new skills and technologies by companies to innovate and re-imagine their products and services, improve operational efficiencies, and drive customer and employee delight, thereby transforming their ability to compete and thrive in the market,