Wipro Digital, the digital business unit of Wipro Limited, on Thursday announced that it is planning to acquire Designit, an award winning and global strategic design firm.
This investment marks a further stage in Wipro's move to evolve the digital offer it takes to market, combining its reputation and heritage in deep engineering and transformative technology with human centered-design methods, the company said in the press release.
'Our clients are looking to us to help them transform their businesses and move at the speed of digital. With our acquisition of Designit, we will complement the capabilities of an established design leader with our engineering heritage and bring compelling value to our clients," commented Rajan Kohli, Senior Vice President and Global Head, Wipro Digital.
Denmark-based Designit has become one of the world's largest, privately-held design firms. Employing more than 300 people in nine offices globally.
The acquisition is subject to customary closing conditions and regulatory approvals and is expected to be closed in the current quarter, added further.
Shares of the company were trading at Rs 552, higher by 1.43 per cent on BSE at 9.50 AM IST. It touched an intraday high of Rs 548 during the trade.