
Acquisitions18 Dec 2024, 09:38 pm
Wipro Limited Acquires Capco Consulting Middle East FZE, a Dubai-based Consulting Firm
AI Summary
Wipro Limited, a leading global information technology, consulting, and business process services company, has announced the incorporation of Capco Consulting Middle East FZE as a step-down subsidiary. Capco Consulting Middle East FZE, based in Dubai, UAE, is a consulting firm specializing in IT infrastructure, IT consulting, and management consultancies. Wipro Limited holds 100% shareholding through its step-down subsidiary, Grove Holdings 2 S.a.r.l. The acquisition aims to explore new business opportunities and expand Wipro's presence in the United Arab Emirates, offering management consulting services.
Key Highlights
- Wipro Limited incorporates Capco Consulting Middle East FZE as a step-down subsidiary
- Capco Consulting Middle East FZE is a Dubai-based consulting firm specializing in IT infrastructure, IT consulting, and management consultancies
- Wipro Limited holds 100% shareholding through its step-down subsidiary, Grove Holdings 2 S.a.r.l
- The acquisition aims to expand Wipro's presence in the United Arab Emirates and offer management consulting services
- Capco Consulting Middle East FZE was incorporated on December 17, 2024