Hexaware Acquires CyberSolve to Strengthen Global Identity Security and AI-Driven Cyber Resilience

Hexaware Technologies [NSE: HEXT], a global provider of IT solutions and services, today announced it has acquired CyberSolve, a global specialist in identity and access management (IAM) solutions. Together, the companies will help enterprises modernize identity foundations, automate controls with artificial intelligence (AI), and run secure operations across complex, hybrid technology estates.

Across boardrooms, chief information officers cite cybersecurity as a top priority, as trusted digital identity—and the governance, risk, and compliance frameworks around it—now underpin every transformation, from cloud adoption and application modernization to data protection and workforce productivity.

CyberSolve brings nearly a decade of focused work in large identity programs, with 230+ specialists, 20+ IAM tech alliances, and 650+ implementations across sectors including retail, healthcare, pharma, automotive, financial services, logistics, government, and technology. Its teams are known for fast, reliable app onboarding, smooth platform migrations, and audit-ready operations. Hexaware adds consulting depth, engineering excellence, and 24x7 cybersecurity and resilience operations, spanning GRC, cloud security, and DevSecOps—helping clients move from isolated fixes to an integrated identity capability that reduces risk and accelerates growth at global scale.

“Cybersecurity has moved from an IT concern to a business imperative, and chief information officers tell us that getting identity right is at the top of the agenda,” said Siddharth Dhar, President & Global Head – Digital IT Operations & AI, Hexaware. “By bringing CyberSolve into Hexaware, we combine their craftsmanship in identity programs with our platform-led delivery and global operations. Clients will see faster value, stronger controls, and a clearer path to secure digital growth.”

“Our mission has always been to inspire trust in every digital interaction,” said Mohit Vaish, CEO, CyberSolve. “Joining Hexaware allows us to scale that mission—expanding our reach, applying AI more deeply, and creating measurable security outcomes for enterprises worldwide.”

Atul Agrawal, Managing Partner, CyberSolve, said, “We’re truly delighted to join Hexaware. The combined strengths of our IAM expertise and Hexaware’s AI-first operations create tremendous potential to redefine how global enterprises approach digital identity and security.”

Shubham Khandelia, Managing Partner, CyberSolve, added, “This is an exciting milestone for our people and clients alike. Together, we can deliver broader capabilities, faster innovation, and stronger assurance, building on our shared commitment to trust and excellence.”

Client organizations also welcomed the announcement. Chris Lugo, VP – CISO, Blue Cross Blue Shield Association, said, “CyberSolve has consistently helped bring clarity and momentum to complex initiatives. With Hexaware, they’ll have the scale and structure to deliver even greater impact. I’m excited to see what the two teams achieve together.”

The combined team will focus on what leaders need most today, delivering accurate and effective identity security, dependable operations, and easier adoption of change across large enterprises, resulting in faster onboarding, smoother migrations, continuous compliance, and secure work from anywhere.

Zupee Expands Global Footprint With Acquisition of Australia’s Nucanon

• The acquisition is a landmark India-Australia collaboration in digital entertainment.
• It strengthens Zupee’s expansion into AI-powered interactive storytelling, extending its ecosystem beyond social gaming.
• Nucanon’s proprietary AI engine enables dynamic narratives, evolving characters and immersive, user-driven worlds.
• The move reinforces India’s growing position as a global hub for AI-led storytelling and innovation.

Zupee, India's leading social gaming and entertainment platform, today announced the acquisition of Nucanon, a Sydney-based innovator in AI-driven interactive storytelling. The strategic acquisition marks a first-of-its-kind collaboration between India and Australia in the digital entertainment sector, bringing together Zupee’s vast distribution reach and Nucanon’s breakthrough narrative AI technology.

The acquisition will help Zupee accelerate its vision of building the world’s most advanced platform for interactive story entertainment. It will create an ecosystem where creators can craft branching narratives, dynamic characters and AI-powered worlds that engage audiences at scale.

Driving the Next Phase of Entertainment Innovation

At the core of Nucanon’s innovation is a proprietary world-building AI engine that aims to redefine how stories are created and experienced. The technology allows stories to unfold naturally, adapting to every choice a user makes. Dialogues feel authentic and spontaneous, characters remember past interactions and plotlines shift in response to each decision.

The result is a story that grows and changes just like real human relationships do. Users can move freely within the world without breaking its flow or structure. Every experience feels unique and meaningful, whether expressed through text, voice or visuals. It is a system designed to make stories feel alive and responsive, turning every player into a true participant rather than a passive viewer.

Dilsher Singh Malhi, Founder and CEO of Zupee, said “At Zupee, we have always liked to push the boundaries on innovation. We're very excited about partnering with Nucanon and building the future of how humans will experience stories. For decades, we've been trapped between two worlds: the emotional depth of cinema and the agency of games. With Nucanon we want to crack something fundamental — which is not just generating content but understanding narrative causality. We believe the Pixar of the next century won’t emerge through traditional film or animation, but rather through interactive mix of Videos and Games. And we're going to build it from India for the world.”

"The holy grail of interactive entertainment is true player agency within a compelling story. This is the challenge that has stumped the industry for decades, and it's the one we were founded to solve," said Nilushanan Kulasingham, CEO of Nucanon "Our goal is to build an AI that doesn't just generate text, it understands the story. With Zupee's backing, we now have the resources to take on this challenge at scale", he added.
A new chapter for interactive entertainment

Following the acquisition, Nucanon’s founding team will lead product innovation from Zupee’s India headquarters. The company’s proprietary technology will become the foundation of a new interactive storytelling vertical within Zupee, combining the company’s scale in gaming & entertainment with cutting-edge AI and creative design.

This collaboration marks an important step in strengthening India’s position as a global hub for gaming and digital entertainment innovation. By bringing world-class technology and creative talent together under one roof, Zupee aims to build next-generation storytelling experiences from India for the world.

The company is growing its team across product, technology and design. It welcomes creators and innovators who want to shape a new era of entertainment that feels smarter, more inclusive and deeply connected to culture.

Adobe’s $3 Billion Play for Synthesia: AI Video’s Next Frontier?

Adobe has been aggressively integrating generative AI across its suite (e.g., Firefly for images). In a latest and a bold move that could have reshaped the future of creative software, Adobe recently explored acquiring London-based AI video startup Synthesia for a reported $3 billion. The deal, however, collapsed over valuation disagreements—leaving the industry buzzing about what might have been, and what’s next.

Adobe reportedly offered ~$3 billion, but Synthesia’s January valuation was $2.1 billion. Despite Adobe’s $100M investment in April, the final terms couldn’t be agreed upon. The first media outlet to report Adobe’s attempted $3 billion acquisition of Synthesia was The Information. Their coverage was later cited by other outlets including Sifted, GuruFocus, and Veritas News.

Notably, Meta also held early talks with Synthesia, suggesting broader interest in avatar-based video tech but those discussions didn’t progress.

What Makes Synthesia So Valuable?

• Core Tech: Synthesia lets users create lifelike video avatars from text—no cameras or actors needed.
• Use Cases: Ideal for corporate training, marketing, and multilingual content at scale.
• Enterprise Appeal: Trusted by global companies for fast, professional-grade video creation.

Why Adobe Wanted In

• Creative Cloud Expansion: Synthesia would have added AI-native video to Adobe’s suite.
• AI Push: Complements Adobe Firefly’s image generation with avatar-driven video tools.
• Enterprise Synergy: Aligns with Adobe’s ambitions in e-learning and marketing automation.

The Deal That Didn’t Close

• Valuation Gap: Adobe’s offer exceeded Synthesia’s $2.1B valuation, but terms couldn’t be finalized.
• Strategic Tensions: Despite Adobe’s $100M investment, the acquisition stalled.
• Meta’s Interest: Meta also held early talks, but they didn’t progress.

What This Signals for the Industry

• Adobe: May build its own AI video tools or pursue other startups.
• Synthesia: Could remain independent or seek new strategic partners.
• Industry Trend: Generative video is heating up as demand for scalable content grows.

Final Take

This near-acquisition wasn’t just about one company—it was a glimpse into the future of creative work. As AI continues to blur the lines between imagination and execution, the race to own the next-gen creative stack is officially on.

Adani Group Moves to Acquire Sahara’s Premium Assets Pending Court Nod

Image - Bloomberg

The Adani Group is preparing to acquire four marquee properties from the beleaguered Sahara Group in a deal estimated at ₹5,000 crore, pending Supreme Court approval, said a report exclusive to India Today. Here's a breakdown of the situation and what it could mean:

The Four Flagship Properties

• Aamby Valley: A luxury township near Lonavala
• Hotel Sahara Star: A prominent hotel near Mumbai airport
• Sahara City Homes (Lucknow): A large-scale residential project
• Sahara Mall (Gurgaon): A commercial property in a prime location of Gurugram. 

These assets are part of a broader package of 87–88 properties Adani seeks to acquire, including hotels, malls, and land parcels across India.

Legal and Financial Hurdles

• The Supreme Court is overseeing the transaction due to Sahara’s long-standing legal battles over investor refunds.
• The Employees’ Provident Fund Organisation (EPFO) has issued a ₹1,567 crore notice to Adani, demanding settlement of Sahara’s unpaid PF dues before the acquisition proceeds.
• Adani may need to provide an undertaking to clear these dues post-acquisition if not settled upfront.

Strategic Implications

• For Adani, the acquisition aligns with its strategy to expand its real estate and hospitality footprint.
• For Sahara, this could be a final attempt to resolve its decade-long financial crisis and repay investors.

The goal of this possible acquisition is said to help Sahara repay ₹9,000 crore in investor dues, stemming from a long-running Supreme Court-monitored dispute over illegal bond schemes.

As mentioned above, the EPFO has issued a ₹1,567 crore notice to Adani, citing unpaid PF dues by Sahara entities dating back to 1982. Under Indian law, Adani must either settle these dues before acquisition or provide a binding undertaking to pay them afterward.

The Supreme Court bench led by Chief Justice B.R. Gavai is reviewing the proposal. It has directed the Ministry of Finance and Ministry of Cooperation to be impleaded, given the scale and complexity of the case. The court emphasized that Sahara employees, many unpaid since 2014, must be considered before any deal is finalized.

The acquisition would significantly expand Adani’s real estate footprint, especially in high-value urban and resort zones. Adani Properties Pvt. Ltd., the group’s unlisted real estate arm, is leading the bid.

“A Global Powerhouse in Agentic AI”: Capgemini Finalizes $3.3B WNS Acquisition

Capgemini (Euronext Paris: CAP) today announced that it has completed the acquisition of WNS (NYSE: WNS), a digital-led business transformation and services company and leader in the Digital BPS (Business Process Services) market. With the closing of this transaction, Capgemini creates a global leader in Intelligent Operations to capture clients’ investment in Agentic AI to transform their end-to-end business processes.

“Capgemini and WNS share a common vision of the potential of agentic AI to transform our clients’ business operations,” comments Aiman Ezzat, CEO of Capgemini. “By combining Capgemini’s global reach, strategy and transformation capabilities, technology and AI leadership with WNS’s industry expertise and platforms, we’re uniquely positioned to help our clients reinvent their business processes end-to-end and lead in their market. We can now move forward in building together a global leader in Intelligent Operations. I am delighted to welcome WNS’ employees to the Group.”

“Our teams are looking forward to beginning this next chapter, joining forces with Capgemini to create a global powerhouse and build something truly transformative in the era of generative and agentic AI,” said Keshav R. Murugesh, CEO of WNS. “The next wave of transformation will be driven by intelligent, domain and industry-centric operations, delivering efficiency and agility through hyper-automation for superior business outcomes. Our shared values and culture will make for a seamless integration, enabling us to unlock exciting opportunities and long-term value for our clients, employees, partners, and communities.” 

On July 7, 2025, Capgemini and WNS announced that they had entered into a definitive transaction agreement, pursuant to which Capgemini acquired WNS to create a global leader in Agentic AI-powered Intelligent Operations for a cash consideration of 76.50 USD per WNS share. The total cash consideration amounts to $3.3 billion, excluding WNS’ net financial debt[Net financial debt of WNS was negligible as at March 31, 2025.]. On September 18, 2025, Capgemini announced that it has successfully priced a total of €4.0 billion bonds to finance this transaction, refinance its financial debt, and for general corporate purposes of the Group. As a result of this bond issuance, the bridge loan signed in the context of the acquisition was cancelled. WNS will be consolidated into Capgemini’s financial statements as of October 17, 2025.

Tata Deepens Apple Ties with $100M Buyout of Chinese Supplier’s India Unit

Tata Electronics, a Tata Group company, has acquired the India operations of Chinese industrial automation firm Justech Precision for approximately $100 million. This strategic move strengthens Tata’s position in Apple’s global supply chain, especially as Apple ramps up iPhone production in India.

Key Details:

• Justech Precision: Headquartered in Kunshan, China, Justech has supplied high-precision CNC machinery to Apple vendors like Foxconn since 2008.
• India Presence: Justech launched its Indian subsidiary in Tamil Nadu in 2019, aligning with Apple’s growing manufacturing footprint in the region.
• Deal Finalized: The acquisition was completed in August 2025, with HSBC Bank and HDFC Bank advising on the transaction.
• Tata’s Apple Ambitions: This follows Tata’s earlier acquisition of a majority stake in Pegatron’s India operations, signaling its aggressive push to become a key iPhone assembler.

This acquisition not only boosts Tata’s manufacturing capabilities but also reflects Apple’s broader strategy to diversify its supply chain away from China and deepen its India operations.

Hhh

Move	Description	Strategic Impact
Acquisition of Wistron’s iPhone plant (2023)	Tata took over Wistron’s iPhone assembly facility in Karnataka	Became India’s first homegrown iPhone assembler
Majority stake in Pegatron India (2024–25)	Tata acquired a controlling interest in Pegatron’s Chennai operations	Strengthened iPhone assembly capacity and workforce
Acquisition of Justech India (2025)	Bought Chinese supplier Justech’s Tamil Nadu unit for ~$100M	Gained precision tooling and automation capabilities
Hiring push for iPhone production	Tata plans to hire 20,000+ workers for iPhone lines	Supports Apple’s goal to shift 25% of iPhone production to India
Diversification into components	Tata is exploring semiconductor packaging and camera module production	Aims to become a vertically integrated Apple supplier

KFin Technologies Acquires 51% Stake in Ascent for $35M, Eyes Global Fund Admin Market

KFin Technologies Limited (“KFintech”), a leading provider of investor and issuer solutions to global asset managers, today announced the completion of its USD 34.68 million investment into Ascent Fund Services (Singapore) Pte. Ltd (“Ascent”) to acquire a 51% controlling stake and become the sole promoter. Ascent is one of the fastest growing global fund administrators, growing at a 3-Yr CAGR of 33% with revenue of US$ 17.5 million for the financial year ending July 31, 2025, having presence across 18 geographies and over US$26 billion assets under administration (“AUA”), serving over 640 global alternate investment funds, as on July 31, 2025.

This milestone signals KFintech’s major expansion into the rapidly growing global fund administration industry, advancing its vision to build a scaled, India-origin financial infrastructure entity, backed by innovative and technology-first solutions, strong domain expertise, and delivery excellence for the global asset managers. With this closing, KFintech’s global fund administration AUA grows to approximately US$340 billion in aggregate, as of September 30, 2025, further diversifying its revenue mix, geographic exposure, and capabilities across private and public market asset classes including pensions and digital asset classes. The addition of Ascent brings a cross-border team of over 250 highly experienced domain experts into the KFintech Group, strengthening its client acquisition, product development, and delivery capabilities to service global asset managers. KFintech now operates from over 230 offices in more than 15 countries worldwide, with over 6,700 employees including over 1,300 technology experts. The integrated model will leverage India and Malaysia as Centres of Excellence, driving technology transformation, process optimization, delivery resilience, and cost synergies across markets.

The transaction provides KFintech an immediate 51% holding in Ascent via its Singapore arm, with the balance 49% scheduled to be acquired in three equal tranches after the end of fiscal years 2028, 2029, and 2030, linked to defined EBITDA milestones. The investment is fully funded through internal accruals, reflecting disciplined capital allocation strategy with no impact on dividend policy or debt position.

On the completion of the acquisition, Mr. Sreekanth Nadella, Managing Director and CEO, KFin Technologies Limited, said, “The completion of this acquisition marks a defining step in KFintech’s evolution into a truly global financial infrastructure company. Ascent’s deep international footprint and strong domain expertise perfectly complement our strengths in technology, product innovation and operational excellence. The acquisition elevates the proportion of our international business in the overall revenue from the current 5% to over 16%. The combined entity targets significant addressable market across 18 geographies, driving the share of international business revenues to cross 25%+ of overall KFintech’s book in the near term. With Ascent, we are excited to build a fast-growing diversified and sustainable business, expanding market reach and delivering best-in-class platforms and solutions while creating long-term value for our stakeholders.”

Mr. Kaushal Mandalia, Co-founder and Group Executive Chairman, Ascent Fund Services, said, “Today marks the successful completion of the acquisition of Ascent Fund Services by KFin Technologies, a milestone that signifies far more than a transaction. It’s the uniting of shared purpose, trust, and passion — a convergence of technology and domain expertise that will redefine fund administration across global markets. This partnership reflects our belief that when two great organizations align in values and vision, the outcome is not addition but amplification — of opportunities, capabilities, and impact. Together, Ascent and KFintech will continue to innovate, empower clients, and set new benchmarks for excellence in fund services worldwide. To our clients, partners, and teams — thank you for your unwavering belief, resilience, and dedication through this journey. The road ahead is filled with promise, and together, we will shape a stronger, smarter, and more connected future.”

Mr. Jaideep Mukhariya, Co-founder and Group CEO, Ascent Fund Services, said, “The completion of this acquisition marks an exciting new chapter for our group and represents a strategic, transformative step in strengthening our position within the industry. With our combined expertise, talent, and resources, we are now better equipped than ever to serve our clients, expand into new markets, and lead in an increasingly dynamic and competitive landscape. We are confident that this integration will enable us to deliver enhanced solutions and services, while continuing to set the standard for quality, innovation, and long-term customer value across the industry. We would like to thank our clients, team, partner for their continued support and trust.”

Mr. Samuel Chen, Co-founder and Group COO, Ascent Fund Services, said, “The completion of this acquisition marks a transformative milestone for our combined group, setting the stage for a new era of growth, innovation, and customer success. We are incredibly excited about what lies ahead and confident that this strategic integration will unlock new opportunities and drive long-term value for our combined group. Together, we stand as a greater force in the market, better equipped to accelerate innovation, streamline operations, develop cutting-edge technologies, and expand our service offerings to meet evolving customer needs. We would like to extend our sincere appreciation to our clients, global team, partners, for their continued trust, collaboration, and confidence as we enter this next chapter.”

About KFin Technologies Limited (www.kfintech.com; BSE: 543720; NSE: KFINTECH):

KFin Technologies Limited (“KFintech”) is a leading technology driven financial services platform providing comprehensive services and solutions to the capital markets ecosystem including asset managers and corporate issuers across asset classes in India and provide comprehensive investor solutions including transfer agency, fund administration, fund accounting, data analytics, digital onboarding, transaction origination and processing for alternate investments, mutual funds, unit trusts, insurance investments, and private retirement schemes to global asset managers in Malaysia, Philippines, Singapore, Hong Kong, Thailand and Canada. In India, KFintech is the largest investor solutions provider to Indian mutual funds and alternative investment funds, based on number of AMCs and alternate investment funds serviced as on September 30, 2025, and the largest issuer solutions provider based on number of clients serviced as on September 30, 2025. KFintech is the only investor and issuer solutions provider in India that offers services to asset managers such as mutual funds, alternative investment funds, wealth managers and pension as well as corporate issuers and is the second largest central record keeping agencies for the National Pension System in India.

KFintech is listed on the National Stock Exchange of India Limited and BSE Limited. General Atlantic Singapore Fund Pte Ltd (“GASF”), a leading global private equity investor, is the promoter of the KFintech.

About Ascent Fund Services (Singapore) Pte. Ltd:

Ascent Fund Services (Singapore) Pte. Ltd (“Ascent” or “Ascent Fund Services”), founded in 2019 and headquartered in Singapore, is one of the fastest growing independent fund administrators in the world. The Company specialises in offering fund solutions, corporate solutions, and fintech solutions comprising of fund setup, fund accounting incl. NAV calculation, and transfer agency services, corporate solutions, digital onboarding, e-KYC, KYW screening, AML/PML, FATCA, etc. The Company has been co-founded by three experienced industry professionals with 20+ years of average experience. Ascent operates through 23 offices across 13 countries to provide regional expertise and direct interaction with clients and respective local regulators backed by requisite licenses in Singapore, Hong Kong, Abu Dhabi, Dubai, Mauritius, and Gift City (India). Their end clients are domiciled across 18 countries and include hedge funds, fund of funds, HFT funds, private equity, venture capital, digital asset funds, real-estate investment trusts (REITs).

NTT DATA Acquires EXAH to Expand Salesforce and AI Capabilities Across MEA

NTT DATA, a global leader in digital business and technology services, today announced its acquisition of EXAH, a leading Salesforce Consulting Partner and AI implementation specialist. This strategic move is set to deliver an end-to-end Salesforce and AI delivery experience to customers across the Middle East and Africa (MEA) region, enhancing NTT DATA's local expertise with EXAH's deep technical skills and proven record of customer-focused Salesforce delivery.

Salesforce plays a key role in NTT DATA’s growth strategy, providing a unified view of customer data that enables personalized experiences and efficient service delivery. AI-powered insights further enhance operations by automating workflows, predicting customer behavior, and supporting smarter decision-making. The acquisition of EXAH strengthens NTT DATA’s commitment to expanding its cloud-based customer engagement capabilities within the Salesforce ecosystem across the MEA region.

With over 20 years of partnership and more than 3,500 Salesforce projects worldwide, NTT DATA’s expertise is recognized through four consecutive Salesforce Partner Innovation Awards. This acquisition marks a strategic step toward delivering locally relevant solutions and reinforcing market leadership.

Alan Turnley-Jones, CEO of NTT DATA in Middle East and Africa, said, "EXAH’s team of experts and their strong reputation within the Salesforce partner ecosystem make them an ideal addition to NTT DATA. This acquisition allows us to provide greater value to our clients by combining EXAH’s expertise with NTT DATA’s global capabilities and strategic partnerships. Together, we are committed to meeting our clients’ needs with innovative solutions that enhance customer engagement and drive business growth.”

"Delivering exceptional customer value through innovation is our founding principle, and we’re proud to join NTT DATA’s global team to drive ever-growing value for our clients and partners across the African market and beyond," said Tiaan le Roux, Managing Director of EXAH.

Turnley-Jones continued, "Integration is everything in today’s technology landscape. In 2023, our acquisition of Apisero, a global MuleSoft consulting firm, aimed to strengthen our ability to connect clients' technology across voice, digital, and CRM channels, including Amazon Connect. With EXAH, we deepen our Salesforce expertise across all stages - from integration to post-implementation support - ensuring local expertise is always on hand for our clients."

Adding EXAH to the NTT DATA family also creates new opportunities for career growth and skill diversification within NTT DATA, especially in Salesforce and related technologies. This acquisition aligns with NTT DATA's strategic focus on customer engagement, identifying market needs, and fostering local skills development. As part of this commitment, NTT DATA has recently launched a young talent program to build grassroots Salesforce skills and mentor the next generation of experts.

With EXAH, NTT DATA is poised to bring even more robust solutions to its clients across the MEA region, combining global experience with in-country expertise for unparalleled customer service and engagement.

About NTT DATA

NTT DATA is a $30+ billion business and technology services leader, serving 75% of the Fortune Global 100. We are committed to accelerating client success and positively impacting society through responsible innovation. We are one of the world’s leading AI and digital infrastructure providers, with unmatched capabilities in enterprise-scale AI, cloud, security, connectivity, data centers and application services. Our consulting and industry solutions help organizations and society move confidently and sustainably into the digital future. As a Global Top Employer, we have experts in more than 50 countries. We also offer clients access to a robust ecosystem of innovation centers as well as established and start-up partners. NTT DATA is part of NTT Group, which invests over $3 billion each year in R&D.

Visit us at nttdata.com

Accenture Expands Infrastructure Advisory with Planned Acquisition of France’s Orlade Group

Accenture (NYSE: ACN) has announced its intent to acquire French Orlade Group (“Orlade”), which provides advisory and project management services for capital projects through its subsidiaries, which include Op2 and pmO. The acquisition would significantly expand Accenture’s capabilities to help clients optimize their investments in large-scale, long-term projects, such as nuclear power plants, power grids, rolling stock, defense systems and space launch systems.

Op2‘s services include advising clients on how they can organize and execute capital projects more successfully with lead time reduction expertise, key best practices for large-scale project management and predictive data-driven models. pmO’s project management processes and tools help clients deliver capital projects on time and on budget.

Orlade and its subsidiaries would bring approx. 200 professionals, most of which are based in Paris and Bordeaux. The company’s international locations include Montréal (Canada) and Brisbane (Australia). Their teams would join Accenture’s infrastructure and capital projects practice within Industry X.

Accenture’s planned acquisition would come at a time in which organizations developing capital projects are facing many challenges, ranging from increased scrutiny from stakeholders to supply chain issues to staffing shortages to cybersecurity risks. As a result, only 6% of organizations surveyed deliver projects on or ahead of schedule. Two-thirds miss their targets, adding an average of 29% in labor costs and penalty fees to the bill, research from Accenture shows.

Koen Deryckere, Accenture France & Benelux market unit lead, said: “This acquisition would strengthen our position in France and boost our ability to help clients reinvent how they plan and execute large-scale projects in the energy, utilities, rail, aerospace and defense sectors. It would enhance our capital project management expertise, from advisory to execution, and leverage advanced technologies like generative AI to drive large-scale, responsible transformation.”

Flavien Parrel, who leads Accenture Industry X for France and Benelux, added: “Orlade is an experienced leader in helping organizations successfully plan and execute complex industry projects. Their team‘s expertise would complement our leadership in digital and technology, where generative AI offers immediate productivity gains to our capital projects clients in areas such as data compilation, analysis, and the production of technical deliverables.”

Orlade was founded in 2005 by Pascal Oriot, Sylvain de Robert and Frederic Laforce. In a joint statement, they pointed out that Orlade’s expertise in the full lifecycle of capital projects in industrial sectors, combined with Accenture’s leadership in digital and AI, would create a unique capability to deliver future standout projects for clients. Together, both companies could help clients navigate complexity with clarity, bold thinking and a clear focus on delivery.

Accenture has been scaling its capabilities for helping clients with their infrastructure and capital projects in Europe and North America continuously over the past two years. Earlier in 2025, it acquired construction consultancy Soben in Scotland and engineering managed services company IQT Group in Italy. In 2024, it bought BOSLAN, a management services provider for net-zero infrastructure in Spain. In 2023, US advisory and management company Anser Advisory and Canadian consulting and program management company Comtech became part of Accenture.

Terms of the transaction were not disclosed. Completion of the acquisition is subject to customary closing conditions.

Vodafone Expands in Eastern Europe with $32M Telekom Romania Buy

Vodafone Romania has signed a binding agreement to acquire key assets of Telekom Romania Mobile Communications from Greek telecom group OTE and Deutsche Telekom, in a joint €70 million ($75M) transaction with Digi Romania.

Digi Romania is the Romanian branch of Digi Communications N.V., a publicly listed telecom group headquartered in Bucharest, with its statutory seat in the Netherlands. Founded in 1994, Digi is one of Romania’s largest telecom operators and has expanded operations across Spain, Italy, Portugal, and Belgium.

Deal Breakdown

• Vodafone’s Share: €30 million (~$32M) for postpaid customers, retail network, business clients, and infrastructure.
• Digi’s Share: €40 million (~$43M) for prepaid services, spectrum licenses, towers, and related equipment.
• Completion Timeline: Early October 2025
• Regulatory Approval: Cleared by Romania’s Competition Council in July

Strategic Impact

• Vodafone strengthens its local footprint, adding ~2 million customers to its existing 6.3 million base.
• Romania’s mobile market consolidates to three major players: Vodafone, Digi, and Orange.
• OTE gains tax exemptions worth over €100 million and future cash flow savings.

Financial Summary

Buyer	Assets Acquired	Value
Vodafone	Postpaid customers, retail, infrastructure	€30M (~$32M)
Digi	Prepaid services, spectrum, towers	€40M (~$43M)

Executive Commentary

“This transaction strengthens our position in Romania by increasing our local scale and unlocking significant synergy benefits.” — Margherita Della Valle, CEO of Vodafone Group

SBI Divests 13.18% Stake in Yes Bank to Japan’s SMBC in Landmark Cross-Border Deal

State Bank of India (SBI), the country’s largest lender, today, announced the successful completion of the divestment of a 13.18% (approx.) stake in Yes Bank Limited (YBL) to Sumitomo Mitsui Banking Corporation (SMBC). SMBC is a Japanese multinational financial services company belonging to the Sumitomo Mitsui Financial Group (SMFG) and is amongst the leading foreign banks in India. SMFG is the second largest Banking Group in Japan with Total Assets of US$ 2.0 trillion (approx.).

Mr. C. S. Setty, Chairman, IBA & SBI

SBI became the largest shareholder of YBL in March 2020 under the Yes Bank Limited Reconstruction Scheme, 2020, as notified by the Central Government. Subsequently, SBI had also acquired additional shares as part of follow-on public offer by YBL in July 2020. Post the aforesaid divestment, SBI will continue to remain a shareholder in YBL with a shareholding of 10.8% (approx.) of YBL shares (Residual shareholding).

The partial stake sale by SBI and other shareholder Banks in YBL to SMBC represents the largest cross-border investment in the Indian banking sector. The transaction has received the necessary regulatory and statutory approvals including from the Reserve Bank of India and the Competition Commission of India.

SBI Chairman, Shri Challa Sreenivasulu Setty said, “Yes Bank restructuring plan by RBI in 2020 was an innovative, first of its kind public sector – private sector partnership that was fully supported and facilitated by Government of India. We are incredibly proud of the journey we have shared with Yes Bank in supporting their transformation since we came onboard as the major shareholder in 2020. This is perhaps the best example of protecting the customer interests of a large bank by collaborative efforts of SBI and other banks under the guidance of Government of India and RBI. We are excited to welcome SMBC, a marquee financial institution, as a strategic partner through the largest cross-border transaction in India’s banking sector. Their global expertise will be a great complement to Yes Bank’s ongoing progress and future ambitions”.

SBI and the other selling Shareholder Banks were advised by SBI Capital Markets Limited as their financial advisor and S&R Associates as their legal advisor.

Serentica Acquires Norway-based Statkraft’s India Solar Portfolio, Adds 1.4 GWp Toward 2030 Decarbonization Goal

Serentica Renewables, India’s largest decarbonization platform for C&I and utility customers, has signed binding agreements with Norway based Statkraft to acquire their Indian solar business.

Statkraft’s Indian solar business comprises of 445 MWp operational solar plant at Bikaner and 1 GWp of development assets across Rajasthan. The portfolio is strategically located in resource rich states and is currently supplying power on a merchant basis. These assets will be transitioned to serve Serentica’s C&I customers on a round-the-clock basis, thereby offsetting an estimated ~0.6 Mn tonnes of CO2 annually.

The acquisition will grow Serentica’s operating portfolio to 1.5 GW keeping the company on course to achieving its target of 17 GW by 2030. The completion of the transaction is subject to the fulfilment of conditions precedent and necessary regulatory approvals, if any.

Standard Chartered Bank acted as the buy-side transaction advisor along with Khaitan & Co. as the legal advisor. Ernst & Young LLP acted as the exclusive sell-side M&A banker to Statkraft, with Cyril Amarchand Mangaldas acting as the legal advisors.

Commenting on the development, Pratik Agarwal, Chairman, Serentica Renewables, said, “Serentica renewables is committed to the energy transition goals of India, and this acquisition is one more step in furthering that vision. By integrating this asset with wind and storage systems we will be able to provide a faster round-the-clock solution to our largest clients.”

Fernando de Lapuerta, Executive Vice President International, Statkraft, said, “We are very pleased with this transaction. Serentica Renewables is a fast-growing renewable energy company with high ambitions. We are confident that they will continue to operate and develop these assets with competence and commitment, contributing to India’s green energy transition. I am also glad that this offers new opportunities for our competent employees following the transaction.”

About Serentica Renewables

Established in 2022, Serentica Renewables is a leading renewable independent power producer (IPP) committed to decarbonizing hard-to-abate industries by providing firm dispatchable renewable energy (FDRE) solutions. With a vision to make renewables the primary energy source across India’s energy landscape, Serentica is driving large-scale decarbonization & contributing to the nation’s broader goals, including through government tenders. The company has achieved a significant milestone by reaching 1,000 MW of renewable energy capacity, with ongoing projects across multiple states, leveraging a mix of solar, wind, energy storage, and advanced balancing solutions. Serentica’s innovative approach ensures reliable and cost-effective green power for its growing customer base, which includes some of India’s largest energy-intensive industries. Backed by a $650 million investment from KKR, Serentica aims to supply over 50 billion units of clean energy annually, enabling the displacement of 47 million tons of CO2 emissions. With a strong pipeline of projects under development, the company is at the forefront of India’s energy transition, deploying cutting-edge technology and innovative contractual structures to accelerate the shift to sustainable power.

About Statkraft

Statkraft is a leading company in hydropower internationally and Europe’s largest generator of renewable energy. The Group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has around 7,000 employees in more than 20 countries.

India’s Chip Ambitions Scale Up: L&T Semiconductor Buys Fujitsu Power IP for ₹110 Crore

India’s Fabless Chipmaker Accelerates Global Expansion with Japan Deal

In a move that signals India’s rising ambitions in the global semiconductor arena, L&T Semiconductor Technologies (LTSCT) has acquired the power module design assets of Fujitsu General Electronics (FGEL) for ¥2 billion (₹110 crore). The acquisition includes proprietary IP, patents, and R&D infrastructure focused on high-efficiency power electronics—critical for electric vehicles, industrial automation, and energy systems.

The deal, approved by FGEL’s board on June 9, is expected to close by September 23, pending regulatory clearance under Japan’s Foreign Exchange and Foreign Trade Act. LTSCT’s manufacturing partner, Kaynes Semicon Pvt Ltd, will simultaneously take over FGEL’s production facilities, creating a dual-pronged expansion into design and fabrication.

This acquisition marks a pivotal step in India’s journey toward semiconductor self-reliance,” said Sandeep Kumar, CEO of LTSCT and Chair of India’s Semiconductor Product Leadership Forum. “We’re not just buying assets—we’re inheriting decades of design excellence.

Why This Matters: Power Electronics as a Strategic Frontier

• Design patents and IP for high-voltage, high-efficiency modules
• R&D equipment for prototyping and testing
• A foothold in Japan’s advanced semiconductor ecosystem

FGEL, a legacy player in precision electronics, expects to record an extraordinary gain of ¥2 billion in its Q1 FY26 earnings.

Global Strategy: Fabless, Focused, and Expanding

• Targeting $500 million in revenue before considering an IPO
• Exploring entry into China by FY27, with outsourced production
• Investing ₹300 crore in R&D, with over a dozen products in development

This acquisition complements LTSCT’s broader strategy to become a global supplier of industrial and automotive chips, while anchoring India’s position in the semiconductor value chain.

India’s Semiconductor Vision: 100 Design Firms by 2035

As Chair of the Semiconductor Product Leadership Forum, Kumar is spearheading a national initiative to launch 100 new chip design firms by 2035. The goal: transform India from a backend service provider into a global IP powerhouse.

We’re building an ecosystem where design leads, not follows,” Kumar emphasized. “This deal is proof that Indian firms can compete—and win—on the global stage.

What’s Next

• Expand product portfolio across energy, mobility, and industrial sectors
• Deepen global partnerships in Japan, Europe, and the US
• Accelerate India’s transition from chip consumer to chip creator

As the world races to secure semiconductor supply chains, LTSCT’s strategic bet on design-first innovation could be a blueprint for India’s tech future.

Dassault Aviation Takes Control of JV with Anil Ambani's Reliance, Eyes Falcon Jet Assembly in India

Dassault Aviation has acquired an additional 2% stake in its joint venture with Anil Ambani’s Reliance Infrastructure, officially becoming the majority owner of Dassault Reliance Aerospace Ltd (DRAL) with a 51% shareholding. This move marks a strategic pivot, giving the French aerospace giant full control over operations, guarantees, and global service commitments.

Key Highlights:

• Stake Transfer: Reliance Aerostructure Ltd (a Reliance Infra subsidiary) sold 2% equity to Dassault for ₹175.96 crore.
• Ownership Shift: Dassault now holds 51%, while Reliance retains 49%. DRAL transitions from a Reliance subsidiary to an associate company.
• Operational Impact: DRAL manufactures components for Rafale fighter jets and Falcon 2000 business jets. It’s now designated as Dassault’s Centre of Excellence for Falcon aircraft.
• Make in India Boost: Dassault plans to launch its first Falcon jet final assembly line outside France—in Nagpur—with a target for the first “Made in India” Falcon 2000 flight by 2028.
• Financial Snapshot: DRAL contributed ₹69.93 crore in turnover for FY25, about 0.23% of Reliance Infra’s consolidated revenue.

This move not only strengthens Dassault’s footprint in India but also signals deeper integration of Indian manufacturing into global aerospace supply chains. If you’d like, I can break down the implications for defense strategy, investor sentiment, or India’s aviation ecosystem.

Falcon Jet Assembly in Nagpur

Dassault Aviation, in partnership with Reliance Aerostructure, is setting up its first-ever final assembly line (FAL) for Falcon business jets outside France, located at the MIHAN SEZ in Nagpur. This marks a historic moment for India's aerospace ambitions.

Key Details:

• Jet Model: Falcon 2000 LXS, a top-tier business executive jet.
• Timeline: First “Made in India” Falcon 2000 expected to take flight by 2028.
• Facility Role: DRAL (Dassault Reliance Aerospace Ltd) will evolve from component manufacturing to full aircraft assembly.
• Variants Planned: Beyond Falcon 2000, the site may also handle Falcon 6X and 8X programs.
• Production Capacity: Estimated at up to 22 jets annually, depending on global demand.
• Workforce Expansion: Staff expected to grow from 300 to 1,000 employees as operations scale.

Strategic Significance:

• Global Supply Chain Integration: India joins an elite club alongside the US, France, Canada, and Brazil in producing next-gen business jets.
• Make in India Momentum: Aligns with India’s push for self-reliance in high-tech manufacturing.
• Export Potential: Jets assembled in Nagpur will serve both domestic and international markets.

What DRAL Already Does:

• Produces cockpit sections, nose cones, and other airframe parts for Falcon jets.
• Has delivered 100+ Falcon components globally since its inception in 2017.

Vertiv Taps Generative AI Expertise with Waylay Acquisition Amid Rising Data Center Demands

• Acquisition to strengthen Vertiv’s comprehensive portfolio of digital infrastructure solutions with AI-based infrastructure monitoring, predictive services, and performance optimization

Vertiv Holdings Co (NYSE: VRT), a global leader in critical digital infrastructure, announced it has acquired Waylay NV, a Belgium-based leader in hyperautomation and generative AI software platforms, as part of its continued investment in AI-driven monitoring and control technologies for its power and cooling systems. Vertiv expects this investment to strengthen its ability to enable customers around the world to increase uptime, optimize energy usage, and enhance operational intelligence across their critical digital infrastructure.

As AI workloads continue to drive strong growth in data center demand, the need for intelligent, adaptive infrastructure continues to grow. AI-based digital services for power and cooling systems are essential to support the high-density, high-performance computing environments powering generative AI. These services support real-time monitoring, predictive maintenance, and dynamic optimization of power and thermal performance. With the integration of Waylay’s advanced technology, Vertiv is positioned to deliver these advanced capabilities at scale, helping customers meet the evolving demands of critical digital operations.

“With the addition of Waylay’s technology and software-focused team, Vertiv will accelerate its vision of intelligent infrastructure — data-driven, proactive, and optimized for the world’s most demanding environments,” said Vertiv’s CEO, Giordano Albertazzi. “We are excited about the operational efficiencies and the resilience that Vertiv’s further augmented predictive capabilities can provide for our customers.”

Founded in 2014, Waylay has developed an AI-driven hyperautomation software platform that enables workflow-based automation, system integration, and orchestration across a wide range of connected assets, enterprise applications, and cloud services. Among its capabilities are data analytics and orchestration scenarios that operate with unprecedented speed, significantly cutting the cost of integration and product deployment. The software can analyze real-time machine data, identify operational trends, and propose predictive actions that minimize downtime and improve system performance.

To learn more about Vertiv’s comprehensive, end-to-end portfolio of power, cooling, and IT infrastructure solutions, including integrated racks, power distribution units, uninterruptible power supplies (UPS), thermal management systems, and digitized monitoring and lifecycle services, visit Vertiv.com.

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.

U.S. Govt Acquires 10% Stake in Intel for $8.9 Bn

President Donald Trump has confirmed that the United States government now owns 10% of Intel Corp, a move he called “a great deal for America and for Intel”.

Intel, the only American company capable of making advanced chips on U.S. soil, also said in a press release that the government made an $8.9 billion investment in Intel common stock, purchasing 433.3 million shares at a price of $20.47 per share, giving it a 10% stake in the company.

The US government acquired a 10% stake in Intel Corp through a combination of CHIPS Act funding and Pentagon-backed initiatives. This $8.9 billion infusion is aimed at fortifying domestic semiconductor production and reducing reliance on foreign supply chains. 

Deal Details

• Investment Value: $8.9 billion
• Share Price: $20.47 per share
• Shares Acquired: ~433.3 million

Funding Sources:

• $5.7B from CHIPS and Science Act grants
• $3.2B from Pentagon’s Secure Enclave program

Strategic Implications

• No Board Seat or Governance Rights: The government will not influence Intel’s internal decisions
• Warrant Clause: U.S. may acquire an additional 5% if Intel loses majority control of its foundry business
• National Security Focus: Trump emphasized the need to secure U.S. dominance in semiconductor manufacturing

Market Reaction

Intel shares surged 6–7% following the announcement, signaling investor optimism about the deal’s stabilizing effects.

Policy Shift

This move breaks with decades of hands-off government policy toward private corporations. Trump’s administration is now tying federal support to direct equity stakes, signaling a new era of economic statecraft.

Other Similar Tech Deals Globally

Several recent government-backed tech deals across the globe reflect a growing trend of governments stepping in to secure strategic digital infrastructure, bolster national security, and assert technological sovereignty. France has deepened its commitment to cloud sovereignty by investing in Bleu—a secure cloud venture spun off from Atos and co-owned with Orange. The French government’s support includes equity participation and long-term public sector contracts to ensure data localization and defense-grade infrastructure.

India has also made a notable move by channeling ₹3,000 crore into Bharat Electronics Ltd (BEL) via its defense modernization fund. This capital is earmarked for the development of AI-enabled battlefield systems and secure communication technologies, with the government maintaining oversight through board representation.

Germany, in a more enterprise-focused strategy, has backed the SAP specialist Cpro through a co-financing arrangement with private equity firm Egeria. The goal is to strengthen digital capabilities among small and medium-sized enterprises, aligning with Germany’s broader push for digital sovereignty in enterprise software.

China continues to lead in scale, expanding its state holdings in semiconductor giants like SMIC, Hua Hong, and Yangtze Memory. Through the National IC Fund Phase III, over $30 billion has been allocated to accelerate domestic chip manufacturing and reduce dependence on Western technologies. These deals collectively underscore a shift toward AI-first mergers, cloud infrastructure localization, and defense-tech fusion, with governments increasingly acting as strategic investors rather than passive regulators.

India Accelerator Acquires Starters’ CFO to Power the Next Phase of Full-Stack Startup Growth

• With this collaboration, India Accelerator is set to empower founders with integrated financial discipline, compliance expertise, and end-to-end business support to build a complete ecosystem for startup success.

India Accelerator (IA), a leading multi-stage VC fund, has announced the acquisition of Starters’ CFO, a leading new age finance and accounting services provider for startups. This strategic acquisition marks a monumental step in IA’s evolution from a pure-play accelerator to a venture-building powerhouse that aligns with its vision, innovation, and ambition to provide founders with everything they need under one roof.

India Accelerator, already driving startup growth through access to capital, markets, mentorship, and infrastructure, now adds a critical pillar with Starters’ CFO’s expertise in compliance and financial management. This acquisition enables IA to structure and deliver AI enabled bookkeeping, growth oriented on-demand CFO services, fundraising readiness programs, and compliance advisory clinics, transforming financial clarity from a bottleneck into a superpower for startups.

With this acquisition, IA takes a significant step to integrate innovative business services, deep financial expertise and a relentless passion for helping founders succeed. It combines IA’s multi-faceted startup ecosystem with Starters’ CFO’s legacy of enabling financial discipline for fast growing ventures. This unified entity is poised to become a comprehensive growth platform for startups across India and beyond.

Commenting on the acquisition, Ashish Bhatia, Founder & CEO of India Accelerator, said: “At India Accelerator, we’ve always believed founders need more than just capital — they need a complete ecosystem. Too often, startups have to stitch together fragmented support across capital, compliance, and growth. With Starters’ CFO joining us, we are reinforcing our vision of building an integrated platform where capital, infrastructure, mentorship, and now deep financial discipline comes together. This acquisition strengthens our ability to ensure founders have everything they need under one roof, so they can focus on building bold, scalable companies.”

Delighted with the collaboration, Akshay Mittal CEO, Starters’ CFO said: “At Starters’ CFO, we’ve always believed that financial clarity is the backbone of startup success. Joining forces with India Accelerator allows us to amplify our vision within a broader ecosystem of growth, mentorship, and capital. Together, we can give founders the confidence to focus on building their business, knowing their financial systems are in expert hands. This is not just an acquisition — it’s the beginning of a transformative journey for our team, our startups, and the future of India’s entrepreneurial ecosystem.”

India Accelerator and Starters’ CFO will now work together to develop structured, accessible finance programs, establish Centres of Excellence across HR, legal, marketing, and technology, and create a robust operating system for startups. This collaboration marks the beginning of a bold new chapter, as IA doubles down on its mission to be the all-weather partner for founders, driving innovation, growth, and long-term value creation.

About India Accelerator

IA is India’s premier startup factory with multiple sub-brands that enable the start-up ecosystem in India - India Accelerator supports the early stage startups with funding, mentorship and other benefits; Finvolve is a multi-thesis growth and late stage fund that empowers startups across their growth journey—from pre-seed to pre-IPO—through capital, strategic support, and ecosystem access. IA Spaces enables start-ups across 16+ cities in India with access to co-working hubs and Third Place, which acts as India’s premium Business Cafe. IA is the recipient of the "Best Accelerator of the Country" award from Start-up India in 2022. Our commitment to fostering innovation and supporting upcoming founders has consistently positioned us at the forefront of the Indian start-up ecosystem.

Wilmar Tightens Grip on AWL with ₹7,150 Cr Stake Buy, Adani Group Exits FMCG

Wilmar International is making a strategic move to deepen its footprint in India’s agribusiness sector. Here's the key breakdown:

Deal Overview

• Acquirer: Wilmar International, via its subsidiary Lence Pte Ltd
• Target: AWL Agri Business Ltd (formerly Adani Wilmar Ltd)
• Stake: Up to 20% (minimum 11%) of paid-up equity
• Valuation: ₹7,150 crore at ₹275 per share

Ownership Shift

• Wilmar currently holds 43.94% in AWL.
• Post-acquisition, its stake will rise to between 54.94% and 63.94%, making it the majority shareholder.

Adani Group’s Exit Strategy

• Adani Group is exiting the FMCG business to focus on infrastructure.
• Already sold:
• 13.51% stake in Jan 2025 for ₹4,855 crore
• 20% stake in July 2025 to Wilmar
• Plans to divest the remaining 10.42%, completing a full exit

Regulatory Filing

Wilmar has filed with the Competition Commission of India (CCI) under Section 5(a) of the Competition Act, 2002.

The parties assert no competition concerns and no need for market delineation

This move not only consolidates Wilmar’s control over AWL but also signals a broader pivot in India’s agribusiness landscape.

Vertiv Completes ~ $200M Acquisition of Great Lakes to Boost AI-Ready Infrastructure Solutions

Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure, announced the successful completion of its previously reported intent to acquire the Great Lakes Data Racks & Cabinets family of companies ("Great Lakes"), a leading manufacturer of innovative data rack enclosures and integrated infrastructure solutions.

The ~$200 million acquisition expands Vertiv’s rack, cabinet and integration solutions for white space applications.

"We are pleased to officially welcome the Great Lakes team to Vertiv and begin innovating new white space solutions," said Gio Albertazzi, Vertiv’s Chief Executive Officer. "Great Lakes brings exceptional talent and capabilities that will enhance our ability to deliver comprehensive infrastructure solutions, furthering Vertiv’s capabilities to customize at scale and configure at speed for AI and high-density computing environments."

The integration of Great Lakes’ expertise with Vertiv's existing portfolio is expected to deliver significant customer benefits through streamlined infrastructure sourcing, faster deployment through pre-engineered solutions, enhanced operational efficiency with factory integration of Vertiv™ power and cooling solutions, improved scalability for AI and edge computing applications, and comprehensive support through Vertiv's global service network.

Established in 1985 and headquartered in Edinboro, PA, U.S., Great Lakes operates manufacturing and assembly facilities in the U.S. and Europe. Its portfolio includes standard and custom racks, integrated cabinets, seismic cabinets, and enhanced cable management access options for both retrofit and greenfield applications. This addition strengthens Vertiv's end-to-end critical digital infrastructure offerings, enhancing Vertiv’s ability to provide the industry’s most complete set of products and services for critical digital infrastructure needs.

For more information about Vertiv and its portfolio of solutions and services, visit Vertiv.com.

About Vertiv Holdings Co

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.

Wipro to Acquire Harman’s DTS Unit for $375M, Expanding Global ER&D Capabilities

Wipro has announced a landmark agreement to acquire the Digital Transformation Solutions (DTS) business unit of Harman, a Samsung company, for $375 million. This strategic move is set to significantly bolster Wipro’s global Engineering Research & Development (ER&D) capabilities.

Since 2017, Harman has operated as an independent subsidiary of Samsung Electronics, leveraging Samsung’s global scale and R&D capabilities to accelerate innovation. Beyond audio, Harman is deeply involved in connected car systems, enterprise automation, and IoT solutions, making it a key player in the evolution of digital lifestyles and smart mobility.

Key Highlights of the Acquisition

Aspect	Details
Deal Value	$375 million (approx. ₹3,300 crore)
Expected Closure	By December 31, 2025
Employee Transition	5,600+ DTS employees across 14 countries
Strategic Partnership	Multi-year collaboration with Harman and Samsung

Why DTS Matters

• Expertise in AI-native platforms and autonomous agent frameworks
• Strength in connected products and domain-led design
• Focus on digital and device engineering
• Serves high-growth sectors: tech, aerospace, healthcare, industrial, consumer

Strategic Impact for Wipro

• Expanded ER&D portfolio with consulting-led engineering services
• Enhanced global footprint across Americas, Europe, and Asia
• Accelerated innovation and reduced time-to-market
• Deeper integration of physical and digital systems

Leadership Commentary

“Welcoming DTS into the Wipro family marks a pivotal step in our transformation journey,” said Srini Pallia, CEO of Wipro.
“Together, we’ll accelerate digital innovation, reduce time-to-market, and sharpen competitive advantage.”

“This agreement unlocks the next chapter for DTS,” added Christian Sobottka, CEO of Harman.
“As part of Wipro, DTS will have the scale and ecosystem needed to expand its impact.”

Wipro has steadily built a reputation for strategic acquisitions that expand its capabilities in engineering, consulting, and digital transformation.

Earlier in 2025, Wipro also acquired Applied Value Technologies for approximately ₹339 crore. This acquisition focused on IT modernization and cloud-native solutions, reinforcing Wipro’s commitment to digital infrastructure and agile transformation.

In 2022, Wipro acquired Rizing, a global SAP consulting firm, to deepen its enterprise transformation capabilities. This followed its landmark $1.5 billion acquisition of Capco in 2021, a major consulting firm in the financial services sector. Capco gave Wipro a strong foothold in digital banking and regulatory technology, significantly enhancing its consulting depth.

Wipro’s engineering ambitions were evident in its 2019 acquisition of International TechneGroup Incorporated (ITI), a specialist in digital engineering and CAD interoperability. This complemented its earlier acquisition of Appirio in 2016 for $500 million, which brought in expertise in cloud services and integration with platforms like Salesforce and Workday.

In 2015, Wipro acquired Designit for €85 million, marking its entry into strategic design and customer experience innovation. This acquisition helped Wipro blend design thinking with digital transformation, a capability increasingly sought by global clients.

Together, these acquisitions reflect Wipro’s deliberate pivot toward high-margin, innovation-led services. From cloud and SaaS to ER&D and consulting, Wipro has positioned itself as a global leader in AI-powered engineering, enterprise modernization, and customer-centric digital solutions.