Overview
- Wipro announced the completion after securing regulatory clearances on December 2, formally adding DTS to its engineering global business line.
- The deal gives Wipro a 100% stake in the Samsung-owned Harman unit for up to USD 375 million.
- More than 5,600 DTS employees, including senior leaders across the Americas, Europe and Asia, will join Wipro.
- DTS brings expertise in embodied AI, embedded software, device engineering and customer-experience platforms.
- Wipro shares were trading marginally lower at Rs 249.6 on the NSE around 10:50 am on the day of the announcement.