M&A M&A
Wipro Infra to buy Boeing arm's manufacturing facility in US for $31-M
Wipro Givon USA, an arm of Wipro Infrastructure Engineering, is buying the Washington manufacturing facility of Boeing supplier TECT Aerospace Group Holdings for USD 31 million. Wipro's bid for the manufacturing site was the only qualified offer submitted.
TECT manufactures complex aerostructure components, parts, and assemblies.