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DLA come calling for Indian outsourcing client
DLA Piper and Herbert Smith Freehills acted for Indian and Canadian companies respectively on a multi-million dollar acquisition.
Digital
Value: $208 million
Area: M&A
Deal: Wipro acquires ATCO’s IT subsidiaries in Australia and North America and enters into a 10-year agreement to provide IT services to ATCO
Key Players: Mark Burger (pictured) led the DLA team on the Australian aspects of the transaction for Wipro. HSF advised ATCO
Deal Significance: Wipro is a multinational IT Consulting and System Integration services company that is headquartered in Bangalore. It is one of India’s largest companies, with nearly 150,000 employees and a presence in 61 countries. The Times of India has reported that the 10-year outsourcing deal is valued at over $1.2 billion, making it the largest deal in the history of the company. ATCO is a Canadian based engineering company with over 9000 employees worldwide. ATCO I-Tek, the company’s IT arm, has a Perth office that employs around 50 people.
