Advertisment

Wipro PARI to acquire Germany-based Hochrainer GmbH

author-image
NewsDrum Desk
Updated On
New Update
Wipro PARI, the industrial automation business

Bengaluru : Wipro PARI, the industrial automation business of Wipro Infrastructure Engineering (a Wipro Enterprises entity), announced on Monday it has signed a definitive agreement to acquire Hochrainer GmbH, based in Freilassing, Germany.

Advertisment

Hochrainer GmbH, a family-owned company, has been in operations since 1973 and employs around 130 people, Bengaluru-headquartered Wipro said in a statement.

The company has established itself as an important supplier of automation technology and assembly systems for numerous global automobile manufacturers, it said, adding that Hochrainer also has a significant presence in other non-automotive sectors and works with key global players in these sectors.

"For Wipro PARI, which has around 1,300 employees and a significant global presence, this acquisition represents an important step in the strategic development of the group in Europe," the statement said.

Advertisment

Financial details of the transaction were not disclosed. 

Advertisment
Advertisment
Subscribe