Wipro Pari case study

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PwC India worked closely with Wipro’s top management to identify and shortlist suitable targets in Europe engaged in warehouse automation solutions. This would be complementary to Wipro’s existing automation business, housed under Wipro Pari.

Once Ferretto was identified as the target, we assembled an integrated PwC India and Italy team to support establishing deal intent with the seller. Wipro engaged PwC to be a one stop shop for acquisition strategy, providing a comprehensive range of services that included, negotiating a non-binding offer, assisting in various due diligence workstreams and negotiating definitive transaction documents.

In addition to investment banking and corporate finance advisory, PwC assisted Wipro by providing financial, tax, IT due diligence, carve-out and tax structuring support with cross functional teams from both countries. This collaborative effort successfully addressed critical aspects of the deal facilitating a quick and seamless closure.

Wipro was able to fully leverage PwC’s strong global network with the ability to provide extensive on the ground support both locally in India and internationally in Italy. The PwC cross continental team was able to bring a nuanced approach to bridge cultural gaps between the client and the target’s management and shareholders helping the deal to progress smoothly.

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