# Wipro to acquire International TechneGroup for $45M

Wipro announced it will acquire International TechneGroup Incorporated (ITI), a digital engineering and manufacturing solutions company, for $45 million. The acquisition is expected to close in the quarter ending September 30, 2019.

- Type: Acquisition
- Announced: 2019-06-05
- Where: Milford, Ohio, United States
- Value: $45.0M
- Status: announced
- Products: CAD and PLM interoperability software services
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Wipro](https://endata.com/companies/14635.md) (acquirer)
- [International TechneGroup Incorporated](https://endata.com/companies/39841.md) (target)

## Sources

- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/tech/ites/wipro-to-acquire-us-based-iti-for-usd-45-million/articleshow/69664283.cms), 2019-06-05: "Wipro said it would acquire International TechneGroup Incorporated(ITI), a global digital engineering and manufacturing solutions company for $45 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.