Wipro Successfully Acquires Applied Value Technologies

Wipro, an Indian IT major, has announced that the acquisition of Applied Value Technologies Pte Ltd is now expected to be completed by January 31, 2025. The company had signed a definitive agreement to acquire 100% shareholding in Applied Value Technologies, Inc., Applied Value Technologies B.V., and Applied Value Technologies Pte Ltd. Initially, the transaction was expected to be completed by December 31, 2024, but due to a delay, Wipro has revised the timeline. The acquisition of Applied Value Technologies Pte Ltd was the last remaining transaction to be completed, and now it is expected to be finished by January 31, 2025. This acquisition is part of Wipro’s strategy to expand its presence in the global market.