Wipro Limited’s $110 Million Acquisition of International TechneGroup Incorporated

DLA Piper has advised Wipro Limited on its acquisition of International TechneGroup Incorporated (ITI), a global digital engineering and manufacturing solutions company.

ITI’s offerings and solutions will be consolidated as a part of Wipro’s Industrial & Engineering Services business and will function as a wholly-owned US subsidiary of the company. Wipro’s Industrial & Engineering Services provides customers with a platform to innovate and engineer the next generation of products and platforms at scale, using an approach termed as “EngineeringNXT”.

Earlier this year, DLA Piper advised Wipro on the sale of Wipro’s Workday and Cornerstone OnDemand business to Alight, a leader in technology-enabled health, wealth and Human Capital Management (HCM) solutions for cash consideration of up to USD110 million. In 2018, DLA Piper also advised Wipro on the sale of their hosted data center services to Ensono.

ITI is a world leader in Computer Aided Design (CAD) and Product Lifecycle Management (PLM) interoperability software services. Founded in 1983 and headquartered in Milford, Ohio, USA, ITI has offices in the United Kingdom, Italy, Israel and Germany and directly provides software products and services to some of the world’s leading manufacturers across aerospace, automotive, healthcare and other segments.

Wipro Limited is a leading global information technology, consulting and business process services companywith over 170,000 employees serving clients across six continents.

The DLA Piper team was led by partner Dr Mathias Schulze-Steinen (Picture – Corporate, Frankfurt) and also comprised partner Pascal Kremp (Employment, Munich), senior associate Anne Vins-Niethammer (Corporate, Frankfurt) and associate Thomas Wiedmann (Employment, Munich). The international team also included partner Goffredo Guerra (Corporate, Milan), senior associate Simon Wright, associate Limara Rickel (both Corporate, Birmingham) and lawyer Ornella Vastola (Corporate, Milan). In Israel, DLA Piper collaborated with local law firm Tomer Maharshak & Co.

Involved fees earner: Goffredo Guerra – DLA Piper; Pascal Kremp – DLA Piper; Limara Rickel – DLA Piper; Mathias Schulze Steinen – DLA Piper; Ornella Vastola – DLA Piper; Anne Vins-Niethammer – DLA Piper; Thomas Wiedmann – DLA Piper; Simon Wright – DLA Piper;

Law Firms: DLA Piper;

Clients: Wipro Limited;