Wipro Limited announced on August 21, 2025, the acquisition of HARMAN’s Digital Transformation Solutions (DTS) business unit for $375 million, enhancing its engineering research and development (ER&D) capabilities. The deal, set to close by December 31, 2025, subject to regulatory approvals, integrates over 5,600 DTS employees into Wipro’s Engineering Global Business Line. As shown in the finance card above, Wipro’s stock price is $2.836, reflecting market response to this strategic move.
Wipro acquires HARMAN’s DTS for $375M, announced August 21, 2025.
Over 5,600 DTS employees to join Wipro, enhancing ER&D expertise.
Strengthens AI-powered digital engineering in tech, industrial, aerospace, healthcare, and consumer sectors.
Multi-year strategic agreement with HARMAN and Samsung for joint growth.
DTS reported $314.5M revenue in CY24, 85% from services.
Stock price at $2.836, market cap $29.53B (August 25, 2025).
The acquisition bolsters Wipro’s ER&D offerings with DTS’s expertise in domain-led design, connected products, and software platforms. “Welcoming DTS into the Wipro family marks a pivotal step in our transformation journey,” said Srini Pallia, CEO of Wipro. “Their specialized engineering expertise, combined with Wipro’s consulting-led, AI-powered capabilities, will significantly enhance the value we deliver to clients.” DTS’s AI-native platforms and autonomous agent frameworks complement Wipro’s global scale, enabling faster innovation and reduced time-to-market in high-growth sectors like technology, industrial, aerospace, healthcare, and consumer industries.
DTS generated $314.5M in revenue in CY24, with 85% from services, operating across 14 countries including India, the US, and South Korea. The acquisition, valued at a 1.19x price-to-sales multiple, is expected to add 280 basis points to Wipro’s FY27 revenues but may reduce EBIT margins by 50 basis points due to integration costs. “This move strengthens our software-defined, platform-centric approach,” said Srikumar Rao, Global Head of Engineering at Wipro.
Wipro will enter a multi-year strategic agreement with HARMAN and Samsung to drive joint innovation. “This agreement unlocks the next chapter for the DTS business unit—one where it can scale faster and reach more clients,” said Christian Sobottka, CEO of HARMAN. Upon closing, DTS will integrate into Wipro’s Engineering Global Business Line, enhancing its ability to deliver complex transformation programs.
Wipro Limited is a leading AI-powered technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. Wipro Innovation Network, which brings together our clients, partners, academia, and tech communities, reflects our commitment to client-centric co-innovation. As a part of this, the Innovation Labs and Partner Labs, located across the globe, allow us to collaborate with clients to solve real-world challenges and showcase cutting-edge industry solutions that explore the future of technology. With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world.
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