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Wipro To Acquire L.D. Waxsons For $144M

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RiT Technologies and Wipro Sign Cooperation Agreement
Earnings Scheduled For January 16, 2015

Wipro Ltd (NYSE: WIT) announced its plans to acquire a 100% stake in Singapore firm L.D. Waxsons Group for $144 million in cash.

In the 12 months ended March 31, L.D. Waxsons posted sales of $68 million.

Wipro shares closed at $8.54 on Friday.

Posted-In: merger and acquisitionNews M&A

 

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