Wipro eyeing M&A deals in Europe: Premji

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Paris: India’s No. 3 software services exporter, Wipro, which has a cash chest of $500 million, is looking for acquisition opportunities, notably in Europe, its chairman and founder told French daily ‘Les Echos’.

Azim Premji said in the interview that he was eyeing “a few acquisition opportunities, notably in Europe in software or services companies with a revenue of at least $100 million”.

Wipro, which wanted to generate 40 percent of its revenue in Europe within three years, planned to beef up its positions in France and Germany, he said.

Source: Indian Express, Thanks

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