# Wipro Enterprises to acquire controlling stake in Precision Automation and Robotics India

Wipro Enterprises signed definitive agreements to acquire a controlling stake in Precision Automation and Robotics India (PARI), India's largest industrial automation solutions provider. The deal value is INR 6,000 million (approx. USD 81 million).

- Type: Acquisition
- Announced: 2020-12-01
- Where: India
- Value: $81.0M (6.00B INR)
- Status: announced
- Products: industrial automation solutions
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Wipro Enterprises](https://endata.com/companies/51563.md) (acquirer)
- [Precision Automation and Robotics India](https://endata.com/companies/51564.md) (target)

## Sources

- [nuvama.com](https://www.nuvama.com/capital-markets/investment-banking/transaction/exclusive-financial-advisor-to-precision-automation-and-robotics-india-pari-for-the-sale-of-majority-stake-to-wipro-enterprises/), 2020-12-01: "The combined capabilities would help broaden Wipro Enterprises’ current offerings in industrial automation and help PARI tread the path of rapid growth."

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