Wipro PARI to acquire Germany-based Hochrainer GmbH

PTI, Jul 11, 2022, 3:49 PM IST

Wipro PARI, the industrial automation business of Wipro Infrastructure Engineering (a Wipro Enterprises entity), announced on Monday it has signed a definitive agreement to acquire Hochrainer GmbH, based in Freilassing, Germany.

Hochrainer GmbH, a family-owned company, has been in operations since 1973 and employs around 130 people, Bengaluru-headquartered Wipro said in a statement.

The company has established itself as an important supplier of automation technology and assembly systems for numerous global automobile manufacturers, it said, adding that Hochrainer also has a significant presence in other non-automotive sectors and works with key global players in these sectors.