Bengaluru-based AI-powered technology services and consulting giant Wipro has signed a deal with Samsung to buy the digital transformation solutions (DTS) business unit of Harman, according to a stock market disclosure. The deal is subject to regulatory approvals and is expected to close by December 31, 2025, Wipro said in the regulatory filing.
As part of the agreement, over 5,600 DTS employees, including key leadership, across the Americas, Europe and Asia will transition to Wipro upon closing of the transaction.
“Their specialised engineering expertise, combined with Wipro’s consulting-led, AI-powered capabilities, will significantly enhance the value we deliver to clients. DTS’ strong presence in high-growth sectors and strategic markets complements our global footprint and strengthens our position as a trusted transformation partner. Together, we’ll accelerate digital innovation, reduce time to market, and sharpen competitive advantage,” said Srini Pallia, CEO and Managing Director of Wipro Limited.
Meanwhile, shares of Wipro were trading 0.52 per cent down at Rs 248.65 each on BSE today, August 22 at 10.45 AM IST.
DTS sets itself apart with its purposeful integration of deep engineering with AI-native platforms, domain expertise, proprietary accelerators, and autonomous agent frameworks — enabling transformation at scale through technology designed around people, according to the update.
According to the company, combining DTS’ personalised, high-touch service model with Wipro’s global scale, advanced technology ecosystem, and expansive resources will allow clients to gain access to the best of both worlds: the agility and precision of a specialist provider and the reach and capabilities of a global leader.
Harman CEO Christian Sobottka said the agreement opens a new growth chapter for the business unit. “As part of Wipro, DTS will have the complementary capabilities and ecosystem needed to expand its impact and accelerate the value it delivers to customers,” he added.
Nomura maintains ‘buy’ on Wipro, target at Rs 310
Foreign brokerage Nomura retained a ‘buy’ rating on Wipro after the announcement, with a target price of Rs 310 per share.
According to Nomura, the acquisition is expected to enhance the Indian IT major’s existing ER&D service offerings and capabilities, and is also likely to expand its footprint in large accounts. The acquisition could add 280 bps to revenue growth at Wipro in FY27, according to the brokerage.
The target indicates a potential upside of 24 per cent in Wipro shares from Thursday’s close.
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