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After last year's acquisition of SAIC, which has proved to be “hugely positive”, Wipro is now looking at similar acquisition in the ‘mining space'.
Wipro acquired SAIC, which was headquartered in the UK and had operations in the US, for $150 million in April last year.
SAIC, a consultancy and system integration company, knew oil exploration and production well. Wipro married SAIC's capabilities with its own IT strengths to offer an end-to-end solution to clients.
Mr Anand Padmanabhan, Senior Vice-President (Energy, Natural Resources and Utilities), Wipro Technologies, told Business Line today that the acquisition had not only deepened Wipro's engagement with clients in the oil industry, but also brought more clients.
Wipro would be interested in acquiring a company that has capabilities in the mining sector, similar to those that SAIC had in the oil and gas sector, he said.
“The process is the same, but the technology is different,” Mr Padmanabhan said. To explain this, he observed that the process of producing a natural resource is similar (in terms of prospecting, extraction etc.) but there could be sector-specific peculiarities.
For instance, in the mining industry, the wear and tear of tyres is a major cost driver. “If you can help the mining company do six trips with the truck instead of four, you could help it save billions of dollars,” he said.
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