Wipro to acquire HARMAN’s digital transformation solutions unit

India’s fourth-largest Indian IT services company, Wipro, said Thursday it will acquire the Digital Transformation Solutions (DTS) business unit of HARMAN, a provider of ER&D and IT services that is currently part of Samsung, for $375 million, including earn-outs. The deal is expected to be completed by the end of December 2025.

The acquisition will see more than 5,600 DTS employees, including senior leadership across the Americas, Europe and Asia, join Wipro. Once finalised, DTS will be integrated into Wipro’s Engineering Global Business Line.

Srini Pallia, Chief Executive Officer and Managing Director of Wipro, said: "DTS’ strong presence in high-growth sectors and strategic markets complements our global footprint and strengthens our position as a trusted transformation partner."

DTS has built an expertise in digital engineering, particularly in connected products, domain-led design and software platforms. It integrates AI-based platforms, proprietary accelerators and autonomous frameworks to deliver large-scale technology solutions. Wipro believes that combining these strengths with its own global scale and resources will provide clients with a unique balance of agility and reach.

Its topline had hit a plateau for the last three years, being range bound around $310 million. During 2024, around 85% of revenue came from services unit while the rest was through product.

Christian Sobottka, Chief Executive Officer of HARMAN, said that the sale would allow DTS to realise its full potential as part of Wipro, while also enabling HARMAN to sharpen its focus on automotive electronics and audio innovation.

As part of the deal, Wipro will also enter into a multi-year strategic agreement with HARMAN and Samsung, opening up further opportunities for joint growth. Deutsche Bank Securities Inc. acted as financial advisor to HARMAN on the transaction.

The announcement follows Wipro’s latest quarterly earnings in which it reported consolidated revenue of ₹22,130 crore in the first quarter of FY26, up 0.8% year on year. Net profit rose 10.9% to ₹3,330 crore, while IT services operating margins improved to 17.3%. The company secured deal bookings worth $5 billion in the quarter, including $2.67 billion in large deals, marking a 131%  increase on the previous year.