Wipro to acquire Singapore FMCG firm for $144 m
He further said, “We are confident that with Wipro’s marketing expertise and extensive distribution network, together we will be able to take Bio-essence, Ginvera and other brands to new heights.”
WCCL has made numerous acquisitions, with the largest being of Unza Holdings in July 2007 for $246 million. Besides, it bought brands like Glucovita, Chandrika, Yardley and North West Switches.
Wipro Consumer Care, at the end of second quarter of FY13 fiscal, reported revenues of R1,008 crore recording a year-on-year growth of 26%. Wipro has already announced the demerger between its IT and non-IT business, which is expected to become operational from FY14.
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