Wipro to take over German firm

Mumbai: Wipro Technologies, an information technology and outsourcing company, to take over the IT arm of a major company in Germany. The company has initiated negotiations with potential targets in Germany, even though the names were kept under wraps. All major companies BMW, Lufthansa, BASF and Siemens have captive IT organisations in Germany. The Bangalore-based company is increasing its presence in Germany and is looking at both organic and inorganic growth in the country. The company is eyeing at increasing its presence in enterprise resource planning (ERP) solutions, captive customer base and data centre applications. Earlier, Wipro had stated that company would look at take over in Europe, especially in the UK, Germany and France. A strong presence in Germany will enable Wipro to tap the biggest ERP market in the world and enable it to tap one of the virgin markets for outsourcing of IT services.