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Wipro to acquire IT verticals of Metro AG in a $700-million deal

As a part of this transaction, Wipro will take over the IT units of Metro AG - Metro-NOM GMBH in Germany and Metro Systems Romania S.R.L

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Wipro had previously announced that it plans to launch a Digital Innovation Hub in Düsseldorf, Germany to support Metro and other clients in the region.

Press Trust of India New Delhi
Wipro on Tuesday said it has signed a $700-million digital and IT partnership deal with Metro AG, that will see over 1,300 employees of the German wholesaler move to the Indian IT major.
 
“The estimated deal value for the duration of the first five 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 said in a statement.
 
As a part of this transaction, Wipro will take over the IT units of Metro AG — Metro-NOM GMBH in Germany and Metro

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