Market Analysis

Merger and Acquisition Activities Monthly Snapshot – March 2021

April 12, 2021

Key Highlights

  • Wipro made its biggest and bold move by acquiring Capco for $1.5Billion in its history. The transaction positions Wipro as one of the largest end-to-end global consulting, technology and transformation service providers to the BFSI Industry.
  • ServiceNow enhances its core workflow capabilities with the acquisition of Intellibot. With this acquisition, ServiceNow enhances its Now Platform with Automation and RPA capabilities
  • Uipath acquired Cloud Elements, an application programming interface (API) integration platform, to expand its API-based automation capabilities.
  • Cognizant made its acquisition of ESG Mobility to expand its capabilities in digital automotive engineering R&D, including in smart, connected mobility.
  • Hitachi acquired GlobalLogic for $9.6Billion. This acquisition expands Hitachi’s digital engineering capabilities strengthening its digital operation business in IT, Energy, Industry, Mobility and Smart Life sectors
  • Wipro signed an agreement to acquire an Australian firm Ampion, strengthening its cloud, DevOps, analytics and resilience related digital capabilities
  • Accenture made its investments to strengthen its consulting and digital capabilities by acquiring the GRA, PolluX, Cirrus, REPL Group, Fable+ and Cygni

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