Wipro to Acquire Mindsprint Pte. Ltd. for US$ 375 Million in a Strategic Deal with Olam Group

Wipro Ltd, through its subsidiaries, has signed a definitive agreement to acquire 100% shareholding in Mindsprint Pte. Ltd. and its subsidiaries on April 5, 2026. The acquisition is part of a multi-year strategic transformation deal with Olam Group, a leading USD 50+ Billion Food and Agri-business headquartered in Singapore. The deal is expected to exceed USD 1 Billion in contract value, with a committed spend of USD 800 Million. Mindsprint, the IT services arm of Olam Group, provides technology and digital transformation services across various domains and has a global workforce of 3,200+ employees. The acquisition is subject to customary closing adjustments and anti-trust approvals under the competition laws of the Kingdom of Saudi Arabia and Australia. The transaction is expected to be completed by June 30, 2026.