New Delhi: Domestic Wipro Hydraulics has signed an agreement to acquire the assets of Canada-based Mailhot Industries.Wipro Hydraulics is the hydraulics business of Wipro Infrastructure Engineering."Wipro Hydraulics has entered into a definitive agreement to acquire Melho Industries...
This acquisition will allow Wipro Hydraulics to expand its footprint in Canada, the US and Mexico as well as enter new segments such as refuse trucks, snow removal equipment, defense and remanufacturing in North America.Pratik Kumar, CEO of Vipra Infrastructure, said, “This acquisition is an...