India's Wipro to buy Harman Connected Services for $375 million

(Reuters) - Indian software-services exporter Wipro said it will buy US- based firm Harman's digital transformation solutions (DTS) arm for $375 million to sharpen its AI-led engineering services.

The unit, Harman Connected Services, is part of Samsung's Harman International.

As part of the agreement, over 5,600 DTS employees, across the Americas, Europe and Asia will transition to Wipro upon the closing of the transaction by the end of the year, subject to regulatory approvals.

Harman, best known for its audio brands JBL, Harman Kardon and Infinity, runs R&D centres in India through its Harman Connected Services arm.