Wipro Hydraulics Signs Agreement to Acquire Majority Stake in Italy-Based Indeco Ind Spa

As per PTI report, Wipro Infrastructure Engineering has expanded its global industrial footprint through its hydraulics business by signing an agreement to acquire a controlling stake in Italy-based Indeco.  

The transaction marks a strategic move to diversify beyond its existing product portfolio. 

Entry Into Hydraulic Attachments Segment 

With this acquisition, Wipro Hydraulics is entering the hydraulic attachments space, adding a new category to its existing focus on hydraulic cylinders. 

The move is expected to broaden the company’s product offerings across construction and heavy equipment applications. 

Indeco Brings Global Manufacturing Presence 

Founded in 1976, Indeco specialises in manufacturing equipment such as hydraulic hammers, shears, mulching heads, and other demolition-focused attachments. 

The company operates multiple manufacturing facilities across Italy along with a presence in the United States, providing Wipro access to an established international production and distribution network. 

Strategic Expansion of Product Portfolio 

“This acquisition adds attachments to our current hydraulic cylinder portfolio thereby broadening our customer offering. Our value proposition is enhanced with the expanded manufacturing & distribution footprint and talent.  

Wipro Hydraulics and Indeco each brings a 50-year legacy, with strong product positioning built on innovation, quality, reliability, and customer service,” Wipro Hydraulics President Sitaram Ganeshan said. 

The integration is expected to strengthen Wipro’s position across key industrial segments such as construction, mining, and material handling. 

Founding Family to Continue Operational Role 

Despite the stake sale, the Vitulano family will continue to remain involved in Indeco’s operations, ensuring continuity in management and domain expertise. 

“Indeco will leverage enhanced R&D capabilities and a vast global network to further develop its existing organisation and products,” said CEO Susanna Vitulano. 

Read More: Wipro FY26 Results: Revenue at ₹926.2 Billion, Net Profit at ₹132 Billion; ₹150 Billion Buyback Announced! 

Conclusion 

Wipro’s acquisition of Indeco marks a strategic expansion into adjacent product categories, strengthening its industrial portfolio and global manufacturing presence.

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