Wipro Limited, a global leader in IT, consulting, and business process services, has announced a major step to grow its Engineering Research & Development (ER&D) and IT services. The company has signed an agreement to acquire Harman Connected Services Inc., also known as DTS, for up to US$375 million.
Wipro will purchase 100% of DTS's shares from Harman International Industries, Inc. The deal includes earn-outs and will be paid in cash. It is expected to be completed by December 31, 2025, after getting the necessary U.S. anti-trust and regulatory approvals.
DTS, based in Connecticut, USA, is known for its expertise in ER&D and IT services. It operates in 14 countries and has over 5,600 employees. Its strengths lie in:
This acquisition will support Wipro’s aim to strengthen its digital engineering and AI-powered services, especially in sectors like technology, aerospace, healthcare, and consumer industries.
DTS has shown steady growth over the past three years:
| Year | Revenue (USD Million) |
| 2022 | 315.00 |
| 2023 | 308.20 |
| 2024 | 314.50 |
In 2024, 85% of DTS’s revenue came from services, while 15% came from product sales.
With DTS on board, Wipro gains a wider international presence, adding delivery strength in countries like the U.S., India, South Korea, the UK, Poland, and Germany. The deal also brings DTS's high-touch service approach into Wipro’s large-scale, tech-driven operations.
This acquisition is expected to create new synergies by combining DTS’s personalized services with Wipro’s global reach and resources. Clients will benefit from a mix of specialist attention and large-scale capability.
Read more: Wipro Teams Up with Google Cloud to Launch 200 AI Agents Across Industries.
Wipro's acquisition of DTS is a smart move to improve its digital engineering, AI, and IT services. It shows the company’s focus on staying competitive in a fast-changing tech world. Once approved, this deal is set to further strengthen Wipro's position as a global technology leader.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Aug 22, 2025, 12:46 PM IST
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
