Wipro has extended a considerable deal of acquiring the business DTS of Harman, worth the price of $375 million. This is a strategic purchase that will strengthen the talent of Wipro in the Business Technology arena.
Business Technology:
With the purchase of DTS Business of Harman, Wipro is on its way to diversify its products as well as customers. This transition can be seen as promising to the growth status of Wipro and therefore a significant change in the industry.
Key Takeaways:
- Wipro buys DTS business of Harman at a price of $375 million.
- The acquisition is a strategic gambit to improve the capabilities of Wipro.
- The acquisition will further increase the growth trajectory in Wipro.
- The position of Wipro in the market will be enhanced.
The transaction marks one of the highlights in Business Technology:
Details of the Acquisition Deal The Acquisition deal saw the transfer of a sum of money amounting to the Specialty Insurance Company, but really nobody knows how special that insurer was, to the tune of $375 Million.
Wipro is on the move to acquire the DTS business in a deal worth 375 million dollars of Harman. This strategic action is likely to help Wipro advance in audio technology and the corresponding service.
Wipro and Harman:
The move opens up new avenues for Wipro, which is an information technology, consulting and business process services company that is an active leader in the market. DTS Business of Harman is known well for its cutting-edge technologies in terms of audio, and thus a brilliant hybrid to Wipro.
Terms and Timeframe of the Acquisition:
It is planned that the acquirement will be effected during the next quarter. The conditions of the agreement are designed in such a way that a successful transfer of the DTS Business of Harman to Wipro takes place.
| Deal Aspect | Details |
| Deal Value | $375 Million |
| Expected Completion | Next Quarter |
| Business Impact | Enhanced Audio Technology Capabilities |
The strategic implication of business technology landscape:
Wipro acquiring the DTS Business of Harman for a dollar figure of 375 million is a calculated move by which the repercussions of the deal will go a long way in affecting the Business Technology environment. This agreement will see Wipro hugely boost its Business Technology capability.
Technology Landscape of Business:
Expansion in addition to the business capability of Wipro in terms of technology
The business will facilitate Wipro to upgrade its audio technologies, which is a key to Business Technology. With the incorporation of DTS Business, Harman, Wipro will be able to provide more end-to- end solutions to its customers.
What DTS Business Is Contributing to the Table:
The DTS Business offered by Harman comprises a diversified range of audio technologies and an expert knowledge in this area. Not only will this complement the existing offerings of the company, but also will give the company a competitive advantage in the market.
Positioning and Competitive Advantage:
The acquisition is likely to enhance the market position of Wipro and gain it a competitive edge due to the possibilities of offering more innovative solutions. This market oriented strategy is expected to affect the markets share and revenue positively at Wipro.
All in all, the merger of Harman of DTS Business with Wipro is another landmark event in Business Technology space that has immense bearing over the industry.
Wipro and lifestyle/entertainment products in Harman:
Wipro acquiring Harman DTS business is a move that is bound to further the capabilities of the company on the Business Technology front. This strategic decision is likely to propel the innovation and growth in the company bringing strength in the market.
This agreement will be a strategic exit because Harman will be able to concentrate to its core business sector. By shedding its DTS Business, Harman will be able to focus on the areas it can do better as it continues to work on repairing its core segments.
The future prospects of the two companies are good. Wipro will be in a position to utilize the benefits of the DTS Business of Harman to increase its services in the Business Technology market. Following the changes in the technology landscape, the acquisition by Wipro is indicative of the flexible approaches of Wipro and Harman.
FAQ:
What do the Wipro acquisition of the DTS Business worth to Harman?
The deal payout is worth 375 million dollars.
What is Harman DTS Business famous of?
The DTS Business of Harman is regarded to be its audio technologies.
By when is the acquisition expected to be closed?
The acquisition will be closed in the course of the next quarter.
How will this acquisition affect Wipro in this Business Technology capability area?
Acquisition will considerably strengthen Wipro in Business Technology specifically in the field of the audio technologies.
What is the portfolio of the DTS Business in Harman that it intends to contribute to Wipro?
The DTS Business owned by Harman adds a wide range of audio technologies and an exceptional experience in the field to the portfolio of Wipro in the Business Technology division.
How is this transaction likely to Asia market positioning at the Wipro?
The acquisition should enhance Wipro market position and give it a competitive edge as it will be able to provide more complete and innovative products to their customers.
What will be the Wipro strategic importance of this acquisition?
The acquisition is a strategic step that Wipro has taken to improve its market strength in the Business Technology sphere and facilitate growth by means of amalgamating the Business of DTS Harman.
What does Harman intend to work after the acquisition?
On the acquisition, it is expected that Harman will focus on its core areas of operation and this is viewed as exit strategy.
