Wipro has announced that it will acquire the IT and digital services business of Singapore-based Olam Group for $375 million, in a move aimed at expanding its capabilities and securing long-term business.
The deal includes the acquisition of Mindsprint, Olam’s technology services arm, which will become a fully owned subsidiary of Wipro after the transaction is completed. Mindsprint provides services such as digital transformation, cloud, cybersecurity, and technology consulting, with a strong focus on industries like agriculture, food, and manufacturing.
As part of the agreement, Wipro has also signed a long-term contract with Olam to manage its technology operations. The partnership is expected to run for eight years and could be worth over $1 billion in total, giving Wipro steady revenue over the period.
The acquisition is seen as a strategic step for Wipro, helping it deepen its expertise in specific industries, particularly in the agriculture and food sectors. By integrating Mindsprint’s specialised knowledge with its own global capabilities, Wipro aims to offer more targeted and end-to-end digital solutions.
Investors responded positively to the announcement, with Wipro’s shares rising in early trade. Market participants view the deal as a strong move that not only brings in new capabilities but also ensures a stable and long-term client relationship.
For Olam Group, the sale is part of a broader plan to streamline its operations and focus on its core businesses. By divesting its IT unit, the company aims to unlock value while continuing to benefit from Wipro’s technology services through the partnership.
The deal is expected to be completed by mid-2026, subject to regulatory approvals.
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