May 16, 2006

India Inc acquiring

Wipro buys CAD firm Quantech- The Economic Times Wipro seems to be the most aggressive buyer out of India Services industry. They have a few deals already in the last couple of years. They're now mature businesses and looking to strategically enter new markets. This is upside down from the mentiality of Indian firms up to now where corporate development strategy is much more build than buy. I met with an investment banker avendus at Nasscom he was telling me that M&A activity in India itself is picking up. He did say too that he didn't see why they would buy outside of India, Wipro seems to think otherwise.

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