Mumbai, May, 11 (EPC News): Wipro announced its decision to acquire a majority stake in Brazil’s hydraulic cylinder maker RKM Equipamentos Hidraulicos. The acquisition will be a part of Wipro’s infrastructure engineering division. As per the company estimates, the transaction will be completed within the current quarter (April-June).

“Buying a majority stake in RKM would give the company a platform to expand and extend its product portfolio in Brazil and rest of Latin America,” said, Pratik Kumar, president, Wipro Infrastructure Engineering.

EPC News Bureau

Posted by: epcworld | Posted on:5/11/2011 at 8:46 AM