Wipro to Acquire Olam's Mindsprint for $375M, Secures $1B+ Services Deal

Wipro Limited has announced a definitive agreement to acquire Mindsprint, the IT and digital services arm of Singapore-based Olam Group, for an enterprise value of $375 million. The transaction, expected to close by the end of June 2026, will see Mindsprint become a wholly owned subsidiary of Wipro. Central to the deal is a landmark eight-year strategic transformation agreement. Olam Group has committed to an annual spend of $100 million, totaling $800 million over the term, though the total contract value is projected to exceed $1 billion. Mindsprint brings a workforce of over 3,200 professionals and a suite of proprietary platforms focused on supply chain, commodity trading, and agriculture. For Wipro, this represents one of its largest strategic engagements to date, significantly enhancing its industry-specific capabilities in the food and agri-business sectors while securing a long-term, high-visibility revenue stream. The acquisition is subject to customary regulatory approvals and closing conditions.