In April this year, Wipro Limited decided to merge its wholly owned subsidiaries, which it acquired from NewLogic Technologies group in 2005 with itself.
Wipro Limited (Wipro), is a leading global information technology, consulting and business process services company. The company harnesses the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies which help clients adapt to the digital world. The company is globally recognized for its comprehensive portfolio of services and has 160,000 dedicated employees serving clients across six continents.
Wipro Information Technology Austria Gmbh (WIT), is a wholly owned subsidiary of Wipro Holdings UK Limited incorporated and domiciled in Austria. The company is engaged in the business of acquisition, holding and disposition of participation in other enterprises. The company’s ultimate holding company is Wipro Limited.
Wipro Technologies Austria Gmbh (WT), based in Feldkirch, Austria, designs and sells microprocessors, and related technology and software. It also offers design development systems; maintenance of software/hardware and related services; and business process services. The company offers its products for the enhancement of integrated circuit (IC) applications primarily focused on wireless and communication industry. The company is a wholly owned subsidiary of Wipro Information Technology Austria Gmbh.
New Logic Technologies SARL (Newlogic) is a is a French limited liability company engaged in the business of designing microprocessors, related technology, software, and sell design development systems (soft IP), to enhance the performance, cost-effectiveness and power efficiency of IC applications mainly focused on the wireless & communication industry.
Appirio India Cloud Solutions Private Limited (Appirio) is engaged in software publishing, consultancy and supply. Software publishing includes production, supply and documentation of ready-made (non-customised) software, operating systems software, business & other applications software, computer games software for all platforms. Consultancy includes providing the best solution in the form of custom software after analyzing the users’ needs and problems. Custom software also includes made-to-order software based on orders from specific users. Also, included are writing of software of any kind following directives of the users; software maintenance, web-page design.
The scheme of amalgamation provides for merger of Wipro Technologies Austria GmbH, Wipro Information Technology Austria GmbH, Newlogic Technologies SARL and Appirion India Cloud Solutions Private Limited with Wipro Limited.
Since all the four transferor companies are directly/indirectly WoS of Wipro Limited there is..
Also Read: Wipro on a acquisition spree in the last decade.
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