M&A

M&A

Wipro Hydraulics to acquire Italy's Indeco Ind

Business Line   Indeco Ind  

Bengaluru-based Wipro Hydraulics, a division of Wipro Infrastructure Engineering, is to acquire a 100% stake in Italy-based Indeco Ind .Founded in 1976, Indeco manufactures hydraulic hammers, mulching heads, shears, and other demolition-related attachments for the construction, demolition, and recycling industries. The company operates seven manufacturing facilities in Italy and one in the USA.Post-acquisition, the founding Vitulano family will continue to be operationally involved with Indeco.Wipro Hydraulics designs and manufactures custom hydraulic cylinders, including double-acting, single-acting, and telescopic cylinders for construction, mining, and agriculture domains.