[lbo-talk] Globalisation in reverse: Indian IT major Wipro plans European acquisitions

Sujeet Bhatt sujeet.bhatt at gmail.com
Sat Jan 22 21:14:12 PST 2005


Wipro plans European acquisitions

The Economic Times SUNDAY, JANUARY 23, 2005 12:20:52 AM

LONDON: Bangalore-based IT major Wipro <http://172.16.2.109:8301/articleshow/992094.cms> plans to make some European acquisitions soon, its Chairman Azim Premji has said.

"We cannot afford to be out of UK, Germany or France <http://172.16.2.109:8301/articleshow/992216.cms> - all of which have markets of the same size. Hopefully we will be making some European acquisitions soon," Premji told The Guardian daily in an interview published on Saturday.

With a customer list that includes Sony, Microsoft, Nokia and Dell, the company has seen profits triple to $230 million (£115 million) and sales double to more than $1.2 billion during the last four years.

http://economictimes.indiatimes.com/articleshow/998472.cms -- The difference between a Miracle and a Fact is exactly the difference between a mermaid and a seal.

-- Mark Twain



More information about the lbo-talk mailing list