Bangalore: Indian IT major, Wipro Ltd, may be close to buying a US-based aerospace services company for about $90 million, according to a Economic Times report on Thursday. New York-listed Wipro is India's third-largest software exporter.
Though Wipro officials have declined comment, the business daily quoted its chief strategy officer, Sudip Nandy, as saying that the IT firm would be looking at strengthening its aerospace capability.
Wipro, which provides IT solutions and services such as systems integration, software application development and maintenance, also has offerings in the aerospace industry that include embedded systems, consulting, engineering, and design services.
Wipro's move would be in line with the efforts of Indian software firms to focus on the aerospace market even as global aircraft makers and defence companies look to outsource design and management systems.