Wipro Technologies is acquiring Citibank's data center in Meerbusch, Germany. As a part of the transaction Citibank will lease back office and data center space from Wipro for atleast 30 months.

Wipro will provide Citibank with facilities management and physical infrastructure management services during the period.

This acquisition will enable Wipro to offer an entire range of Infrastructure Management Solutions to its European and global clients.

Transaction Reference: IndiaInfoline

Azim Premji's Wipro Technologies Limited provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development and maintenance, and research and development services to corporations globally.

In Dec'08, Wipro Technologies acquired the Indian operations of Citi Technologies in a $127 Mn all cash deal. It also got into a five year contract with Citi for offering back office services. Wipro also bought Infocrossing in 2007 for $600 Mn.

It acquired loan origination software vendor - Gallagher Financial Systems Inc. in Sept'08, followed by the acquisition of Nokia's enterprise mobile unit in April'09.

Other Indian IT majors are also looking for overseas acquisitions. Earlier in the month, HCL Infosystems acquired 60% stake in Dubai based NTS Group for $6.5 Mn.

Infosys Technologies is also looking for small acquisitions in France and Germany to expand its European Footprint.

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