Wipro Limited, through its subsidiaries, has signed a definitive agreement on Wednesday to acquire select customer contracts of Alpha Net Consulting LLC and its subsidiaries.
According to the exchange filings, the acquisition will enable Wipro’s access to certain key clientele, their customer contracts as well as the related workforce, which will augment Wipro’s existing AIpowered, and consulting-led application services capabilities, thus helping drive new growth opportunities.
The deal entails a s cash purchase consideration of up to $70.8 million, subject to customary closing adjustments as per terms of the purchase agreement. The purchase consideration included a deferred consideration in the form of earnout, payable subject to achievement of certain performance metrics/conditions, it added.
The transaction is expected to be completed by June 30, 2026, as per the filings.
