Wipro to acquire UK-based consultancy Capco for $1.45 billion

Information Technology major Wipro on Thursday said that it has signed an agreement to acquire Capco, a privately held British consultancy, for $1.45 billion

London-based Capco serves financial institutions across the Americas, Europe and Asia-Pacific regions, Wipro said in a statement to stock exchanges in India.

The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in the quarter ending June 30, 2021.

Capco’s clients include many marquee names in the global financial services industry. Over the past 20 years, the company has worked closely with business leaders, including Boards and C-Suites in the banking, capital markets,