Wipro Technologies acquires European retail solutions provider Enabler

Wipro Technologies acquires European retail solutions provider Enabler

Indian IT giant Wipro Technologies has announced that they are acquiring European retail solutions provider, Enabler.

The deal would be conducted in a cash transaction and is worth around 41 million Euros. It includes upfront cash payment of approximately 41 million Euros, which includes actual cash and cash equivalents on the balance sheet.

Wipro Technologies, Enterprise Solutions, President Sudip Banerjee said in a statement that their latest acquisition Enabler is a preferred integrator of Oracle Retail (Retek) solutions and provider of retail consulting services for global retailers.

He added that this deal would enable Wipro gain some of the Europe’s best-known retailers and wholesalers as potential clients and help them expand its geographical footprints. The deal would also add two new delivery centers in strategic locations like Portugal and Brazil for the company.