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Wipro in deal to buy majority stake in Brazilian co

Wipro in deal to buy majority stake in Brazilian co
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First Published: Wed, May 11 2011. 10 46 AM IST
Updated: Wed, May 11 2011. 10 46 AM IST
Mumbai: India’s third-largest software services exporter, Wipro , said on Wednesday it had signed a deal to acquire a majority stake in a Brazil-based hydraulic cylinder manufacturer R.K.M.Equipamentos Hidr ulicos Ltd.
Wipro, which mainly focuses on software, said the acquisition would be a part of its infrastructure engineering division, and would be completed during the quarter.
It did not disclose financial details.
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First Published: Wed, May 11 2011. 10 46 AM IST