Wipro Acquires Olam's Technology Arm in $1 Billion Agri-Tech Deal
Wipro clinches $1-billion Olam deal for agri-tech pivot
Hindustan Times
Image: Hindustan Times
Wipro Ltd. has announced the acquisition of Olam Group Ltd.'s technology services arm for $375 million, part of a larger $1 billion transformation contract. This strategic move enhances Wipro's presence in the agri-tech sector, leveraging AI and digital logistics to address global supply chain challenges.
- 01Wipro's acquisition of Mindsprint Pte. strengthens its position in the agri-tech sector.
- 02The total contract value is expected to exceed $1 billion over eight years.
- 03Wipro plans to integrate Mindsprint's 3,200 professionals to enhance its AI capabilities.
- 04The deal marks Wipro's largest acquisition to date, improving revenue visibility.
- 05Olam Group aims to use proceeds from the sale to reward shareholders.
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Wipro Ltd., based in Bengaluru, India, has struck a significant deal to acquire the technology services arm of Singapore's Olam Group Ltd. for $375 million. This acquisition is part of a larger transformation contract expected to exceed $1 billion over eight years. The deal allows Wipro to strengthen its position in the agri-tech sector, focusing on AI and digital logistics amid rising global inflation. The technology arm, Mindsprint Pte., reported revenues of $135.6 million for 2025 and employs 3,200 professionals across India, the US, and the UK. Wipro's Chief Executive Officer, Srini Pallia, emphasized that this acquisition will enhance the company's
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This acquisition could lead to enhanced job security for the integrated professionals and potentially create new roles within Wipro's expanded operations in the agri-tech sector.
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