Wipro has signed a definitive agreement to acquire a 100 percent stake in Mindsprint Pte. Ltd. and its subsidiaries for 375 million dollars. The acquisition, announced on April 5, 2026, aligns with an 8-year strategic deal with Olam Group expected to exceed USD 1 billion in contract value, strengthening Wipro’s AI-driven transformation capabilities.

Mumbai: Wipro is doubling down on large transformation deals, using acquisitions to deepen its role in long-term client engagements and expand domain-led capabilities.

Wipro will acquire full ownership of Singapore-based Mindsprint and its subsidiaries in a cash deal valued at USD 375 million, subject to customary adjustments. The agreement, signed on April 5, 2026, gives Wipro complete control over the IT services firm, marking a targeted expansion in digital transformation capabilities. The transaction is expected to close by June 30, 2026, pending regulatory approvals.

The acquisition is closely linked to Wipro’s multi-year engagement with Olam Group, a global food and agri-business player. The 8-year contract is expected to exceed USD 1 billion in value, with a committed spend of USD 800 million. Mindsprint, currently Olam’s IT services arm, becomes a strategic asset within this broader transformation partnership.

Wipro plans to integrate Mindsprint into its consulting-led and AI-powered service model. The company will leverage its existing platforms, including its AI suite, to deliver end-to-end transformation across enterprise systems. The acquisition also brings domain expertise in supply chain and agri-business, strengthening Wipro’s ability to deliver specialized, industry-focused solutions.