Wipro signs deal to acquire global tech company Capco for $1.45 bn

The acquisition will make Wipro one of the largest end-to-end global consulting, technology and transformation service providers to BFSI

Wipro, in its biggest acquisition so far, has signed an agreement to buy London-based Capco, a global management and technology consultancy, for $1.45 billion.
 
Capco provides digital, consulting and technology services to financial institutions in the Americas, Europe, and the Asia Pacific.
 
The deal is an all-cash one and will be funded through internal accruals and debt. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in the June quarter.
 
Rishad Premji, chairman, Wipro, said: “With this deal we are joining select service providers that bring end-to-end consultative, digital cloud,