Wipro Hydraulics to acquire majority stake in Indeco

Wipro Hydraulics, a division of Wipro Infrastructure Engineering, has announced the signing of an agreement for the acquisition of a majority stake in Indeco Ind S.p.A., an Italian company specialising in the manufacturing of equipment for the construction, demolition, and recycling sectors.

Founded in 1976 and headquartered in Bari, the Indeco Group specialises in the production of hydraulic hammers, pulverisers, shears, and a wide range of other demolition equipment. The company operates production facilities in both Italy and the United States.

Wipro Infrastructure Engineering, part of Wipro Enterprises, operates across the hydraulics, industrial automation, aerospace, water treatment, additive manufacturing, and electronic materials sectors. With 16 production plants worldwide, Wipro Hydraulics specialises in the design and manufacture of custom hydraulic cylinders for applications in various industries, including construction and earthmoving, material handling, forestry, agriculture, mining, and truck tipping solutions.

The completion of the transaction is subject to obtaining customary approvals from the relevant authorities.

A&O Shearman assisted Wipro Enterprises Private Limited with a team led by partner Paolo Nastasi, supported by associates Marta Avara and Valentina Salvadori and trainees Duccio Cangioli and Andrea Sala. The operation also involved teams from A&O Shearman offices in Australia, the United Kingdom, the United States, and Singapore.

Furthermore, A&O Shearman provided assistance through its public law team (Roberta Errico, Francesco Pio Falcone, Elisa Goetz), litigation & investigations (Veronica Rossetti, Daniela Martini), intellectual property (Margherita Banfi), employment & data protection (Livio Bossotto, Francesca Corbinelli, Federica Melegari), real estate (Valentina Masucci), and antitrust (Emilio De Giorgi, Arianna Fletcher, Carolina Proietti).

PedersoliGattai assisted the selling shareholders with a team composed of Gaetano Carello, Giuseppe De Cola, Roberta Danese, and Pietro Pomati.