Wipro takes over METRO AG's IT operations in $700 mn deal
Wipro on Tuesday announced a strategic digital and IT partnership deal with Germany-based METRO AG, which is estimated to be valued at $700 million for the first five years. As part of the deal, Wipro will take over METRO AG's IT units and over 1,300 employees will be transferred to Wipro. The deal could extend for an additional four years.