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Home News F&B

Wipro to take over IT units of Metro AG; estimated deal value pegged at $700 million

The approximate deal value for the duration of the first 5 years is pegged at $700 million.

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December 24, 2020
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  • Wipro stated its decision to take over the information technology units of Metro AG
  • Metro is a prominent wholesale company with its footprints in the global sector

THoD Newsdesk, India: On Tuesday, Wipro stated its decision to take over the information technology units of Metro AG, Metro-NOM GMBH in Germany and Metro Systems Romania SRL, which will ensure the transfer of over 1,300 employees across Germany, Romania and India to Wipro.

Metro is a prominent wholesale company with its footprints in the global sector, with food and non-food assortments, specialising in serving needs of hotels, restaurants and caterers as well as individual traders. The approximate deal value for the duration of the first 5 years is pegged at $700 million. In a bid to extend up to 4 additional years, it can be a potential spend of up to $1 billion, Wipro said.

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Thierry Delaporte, CEO and managing director, Wipro stated, “Like us, Metro AG is focused on leveraging digital transformation for competitive advantage. Wipro’s role is to make that transformation efficient and effective.”

Wipro will deliver a complete technology, engineering and solution-based transformation campaign for Metro as it regards itself as a wholesale all-round provider in the hotel, restaurant and catering food industry, powered by quality, focus and flexibility.

Timo Salzsieder, CIO, Metro AG, was quoted saying, “Partnering with Wipro allows us to simplify and streamline our IT landscape, and critically gives us access to innovation and the best digital practices.” 

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