New Delhi: Major software services company Wipro Ltd announced on Tuesday an IT and digital strategic partnership agreement with German wholesaler METRO AG, in an agreement that is expected to generate revenue of more than ₹Rs 1 billion per year for the Bengaluru-based company.
The estimated value of the operation for the duration of the first 5 years is approximately $ 700 million. Intended to extend it up to four more years, it can be a potential expense of up to $ 1 billion, Wipro said.
As part of the agreement, more than 1,300 employees from the wholesaler’s IT units in Germany, Romania and India will relocate to Wipro. The IT student said it will provide them with new opportunities to advance their careers, access innovation, work with leading digital technologies, and embrace new ways of working that enable agility, speed and scale in engineering.
Wipro will deliver a complete technology, engineering and solutions transformation program for METRO as it positions itself as a 360 degree wholesale supplier to the hotel, restaurant and catering food industry driven by quality, focus and flexibility.
Wipro’s transformation program will span cloud, data center services, workplace, and network services, along with application development and operations to provide a robust, flexible and integrated digital infrastructure to help drive METRO’s transformation agenda.
“We are at a stage where we want to focus on activities that will give us the strongest competitive advantage possible, and to do so, we must have confidence in the digital infrastructure that supports our growth. The partnership with Wipro enables us to simplify and optimize our IT landscape, and fundamentally gives us access to innovation and digital best practices, “said Timo Salzsieder, CIO of METRO AG.
At the heart of the association is the formation of a joint Transformation Office and Innovation Council that will guide companies through transformation and ensure collaborative innovation throughout the association.
Thierry Delaporte, CEO and CEO of Wipro said: “Like us, METRO AG is focused on harnessing digital transformation to gain competitive advantage. Wipro’s role is to make that transformation efficient and effective. “
Wipro also plans to launch a Digital Innovation Center in Düsseldorf, Germany, to support METRO and other clients in the region. The proposed Digital Innovation Hub will serve as Wipro’s flagship hub in Europe and will allow organizations to exchange skills and improve, as well as support the development of talent in local communities.
“The Digital Innovation Hub will aim to drive the adoption of new skills and technologies by companies to innovate and reimagine their products and services, improve operational efficiency, and drive customer and employee satisfaction, thereby transforming their capabilities. to compete and prosper in the marketplace. “said Wipro.
The acquisition is expected to be completed on or before April 30, 2021.
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