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Wipro To Acquire Promax Applications Group

[Techtaffy Newsdesk]

Wipro has signed an agreement to acquire Promax Applications Group (PAG), a player in trade promotion planning, management, and optimization solutions space for a total purchase consideration of AUD 35 Million.

Avendus Capital acted as the exclusive financial advisor to Wipro on this transaction.

Completion of the acquisition is subject to customary closing conditions and regulatory approvals and will be closed in the current April-June 2012 quarter. The newly formed entity will be called as Wipro Promax Analytics Solutions Pty Ltd.

Upload: 05-24-12

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