Indeco Acquired by Wipro Hydraulics | Manufacturing M&A Deal

Wipro Hydraulics has acquired Indeco, a industrial equipment business in India. Indeco supplies hydraulic and industrial components used in manufacturing equipment, supporting Wipro Hydraulics’ product expansion across industrial equipment and hydraulics. Wipro Hydraulics acquisitions focus on strengthening offerings for industrial customers through an add on acquisition and strategic acquisition of complementary capabilities. The announced manufacturing M&A is structured as an add on acquisition, with deal size undisclosed, and is expected to close following the definitive agreement terms.