WIT Wipro Ltd

   By Kosaku Narioka 
 

Wipro Ltd. signed a $700 million deal to provide information technology services to German food wholesaler Metro AG for five years, the Indian company said late Tuesday.

Wipro said the duration of its services can be extended up to four more years.

As part of the agreement, Wipro plans to take over two Metro information-technology units for EUR40 million ($48.6 million) by the end of April, the Indian company said.

More than 1,300 Metro employees in Germany, Romania and India will transfer to Wipro, the companies said.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

December 22, 2020 23:15 ET (04:15 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.