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Wipro to acquire Ohio-based International TechneGroup

Indian IT consulting company Wipro Ltd. has agreed to acquire digital engineering and manufacturing company International TechneGroup Inc., or ITI.

Based in Ohio, ITI has offices in the U.K., Italy, Israel and Germany. It serves industries including aerospace, automotive and healthcare.

Following the acquisition, ITI would operate as a wholly owned subsidiary of Wipro. Its services would be integrated into Wipro's industrial and engineering services business.

The transaction is expected to close by Sept. 30, subject to customary closing conditions and regulatory approvals.

Financial terms of the deal were not disclosed.