Wipro to acquire HARMAN's Digital Transformation Solutions business for $375 million, over 5,600 employees to join
The transaction, subject to regulatory approvals including anti-trust clearances in the United States and other jurisdictions, is expected to close by December 31, 2025.
As part of the agreement, more than 5,600 DTS employees, including key leadership, across 14 countries such as the US, India, South Korea, UK, Poland, and Germany, will transition to Wipro. DTS is headquartered in Connecticut, USA, and reported consolidated revenues of USD 315 million in 2022, USD 308.2 million in 2023, and USD 314.5 million in 2024, with services contributing ~85% and products ~15% of revenues in CY24.
Wipro said the acquisition will expand its engineering research & development (ER&D) and digital engineering capabilities, strengthening offerings in AI-powered design-to-manufacturing, device engineering, and connected products. The DTS business brings expertise in embedded software, digital engineering, device engineering, cloud and infrastructure services, AI and data analytics, enterprise automation, and customer experience solutions.
Commenting on the development, Srini Pallia, CEO and Managing Director of Wipro Limited, said, 'Welcoming DTS into the Wipro family marks a pivotal step in our transformation journey. Their specialized engineering expertise, combined with Wipro's consulting-led, AI-powered capabilities, will significantly enhance the value we deliver to clients.'
Srikumar Rao, Managing Partner and Global Head of Engineering at Wipro, added that the acquisition will enable clients to 'seamlessly connect the virtual and physical worlds, embed AI across the full spectrum of engineering, and unlock scalable innovation.'
From HARMAN's side, CEO Christian Sobottka said the transaction 'unlocks the next chapter for the DTS business unit—one where it can scale faster, reach more clients in key industries, and fully realize its growth potential.' Carolin Reichert, Chief Strategy Officer at HARMAN, noted that the move would also allow HARMAN to sharpen its focus on its core strengths in automotive electronics and audio innovation.
Upon completion, DTS will be integrated into Wipro's Engineering Global Business Line. Wipro has also entered into a multi-year strategic agreement with HARMAN and Samsung as part of the deal, opening up new avenues for joint growth and transformation.
Deutsche Bank Securities Inc. acted as the financial advisor to HARMAN in the transaction.
Ahmedabad Plane Crash
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
18 minutes ago
- Business Insider
All Eyes on Jackson Hole as Market Momentum Cools - Bybit and FXStreet TradFi Report
Dubai, UAE, August 21st, 2025, Chainwire Bybit, the world's second-largest cryptocurrency exchange by trading volume, issued its latest TradFi report, spotlighting heightened anticipation ahead of the Jackson Hole Economic Policy Symposium. With Federal Reserve Chair Jerome Powell set to speak on Friday, markets are bracing for clarity on the U.S. interest rate outlook and its implications across global assets, from currencies to cryptocurrencies. The report reveals that traders are pricing in an 83% chance of a 25-basis-point rate cut at the Fed's September 17 meeting, down from 94% last week, underscoring rising uncertainty. Historically, Powell's remarks at Jackson Hole have triggered sharp market moves: hawkish tones have lifted the dollar and weighed on equities, while dovish guidance has sparked rallies in stocks and crypto. This year's backdrop: softer inflation, a cooling labor market, and persistent geopolitical frictions, makes the Fed's forward guidance more pivotal than ever. Key Highlights: Event focus: The Jackson Hole Economic Policy Symposium runs Aug. 21–23, with Powell's speech set for Friday at 14:00 GMT. Rate cut expectations: Markets now see an 83% probability of a 25 bps cut in September, down from 94% last week. Dollar impact: Lower rates typically weaken the dollar while boosting risk assets, including crypto. Powell's tone matters: A dovish stance could fuel a EUR/USD breakout; a hawkish tone risks triggering profit-taking. EUR/USD setup: Trading near 1.168, the pair faces resistance at 1.182 and support at 1.16. Neutral technicals: Flat MACD and RSI at 50 reflect market indecision before Powell's remarks. Technical analysis points to EUR/USD trading near 1.168, with resistance at 1.182 and support around 1.16. Indicators show neutrality, suggesting traders are holding back until Powell delivers direction. A dovish tone could push EUR/USD toward the 1.20 level, while a hawkish surprise may strengthen the dollar and trigger profit-taking. For crypto and broader risk assets, the stakes remain high. Lower rates tend to weaken the dollar and drive capital toward alternative investments, with Bitcoin, Ethereum, and Solana already reacting to shifting macro expectations. For detailed insights, readers may read the full report. #Bybit / #TheCryptoArk /#BybitResearch About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Contact Head of PR Bybit
Yahoo
37 minutes ago
- Yahoo
HOVERAir AQUA, World's first 100% waterproof self-flying camera
HANGZHOU, China, Aug. 21, 2025 /PRNewswire/ -- This summer, aerial videography takes a bold leap onto the water. Introducing HOVERAir AQUA —the world's first 100% waterproof, self-flying camera designed for water activities. Built for creators, athletes, and innovators, AQUA offers a hands-free and pilot-free aerial video experience. Whether stand-up paddleboarding, kayaking, wakeboarding, jet-skiing, or boating, AQUA captures stunning third-person shots effortlessly. AQUA launches on Indiegogo for $999 USD (early bird) on August 21, 2025, at 9 AM PST. AQUA replaces static POVs and manual drones with AI-powered tracking, waterproof design, and compact portability. Building on the legacy of X1 and PRO/PROMAX, HOVERAir extends its reach from hiking, skiing, and biking into the world of water-sports. AQUA adds faster flight speed, longer flight time, real-time video, an IP-67 water resistance rating, and neutral buoyancy. It automatically follows you over and around water, delivering smooth, dynamic shots from new angles—perfect for water-sport enthusiasts. Equipped with a 4K/100 fps slow-motion camera, 1/1.28" CMOS sensor, and hydrophobic lens, AQUA delivers stunning video quality. It offers over 15 automated flight modes, including snorkel and mount modes, Level 7 wind resistance (up to 33 knots), weighs under 249g (no FAA registration required), provides 23 minutes of flight time, and reaches a maximum tracking speed of 55 km/h (34 mph). HOVERAir AQUA comes with its companion device - Lighthouse, worn on the user's arm, offering full control over AQUA: takeoff, landing, recording, mode selection, and remote recall. Its Virtual Tether detects when AQUA moves beyond a set distance and automatically prompts it to return. AQUA also features a 1.6'' AMOLED display for live preview and quick footage review without connecting to a mobile device. AQUA is a cutting-edge personal aerial camera engineered for effortless use on and around water. "AQUA represents a natural extension of HOVERAir's mission to empower users to capture their greatest life moments hands-free and without boundaries—whether on land or water," says MQ Wang, founder and CEO of Zero Zero Robotics. AQUA delivers hands-free tracking, stable flight, and simple Lighthouse control—ideal for any water adventure. Be first to experience AQUA—visit the Indiegogo campaign page. For more information, images, and videos, see the AQUA Media Kit. Experience HOVERAir AQUA at IFA Berlin, September 3–9, 2025. Join the Press Lunch on September 4 at 1 PM, Hall 20, Stand 103. RSVP: pr@ Product Details: Feature Specification Waterproof Rating 100% waterproof, IP-67 rating Buoyancy Neutral - take off/land on water Camera Specs 4K/100 fps slow motion, 1/1.28" CMOS, H-Log(10 bit), 12 MP with HDR, 2x Digital Zoom Lens Hydrophobic lens with self-heating anti-fog technology Stabilization SmoothCapture 3.0 Internal Storage Up to 128GB, UFS 2.2 Flight Modes 15+ modes including snorkel and mount mode Wind Resistance Level 7 (up to 33 knots) Weight Under 249g (no FAA certification required) Battery Life 23 minutes Max Tracking Speed 55 km/h (34 mph) Control System Fully automated with Lighthouse Compatibility Beacon & Joystick, X1 App Accessories Lighthouse, boat/board mounts, dry bags Retail Price Starting at $999 (Indiegogo early bird price) About Zero Zero Robotics Founded in 2014 by Stanford PhDs MQ Wang and Tony Zhang, Zero Zero Robotics specializes in embedded leading-edge technologies to develop innovative devices combining AI machine vision with precise control. Holding over 170 patents and with a global team of 350+, the company empowers users to capture life's moments freely through its brands: HOVERAir, the self-flying personal videographer, and V-Copter, featuring a V-shaped bi-copter. Press ContactJudith Steinbach Global Media Relationspr@ View original content to download multimedia: SOURCE Zero Zero Robotics Inc.
CNBC
3 hours ago
- CNBC
31-year-old moved from the U.S. to Portugal and only works 20 hours a week: 'I'm much happier in Lisbon'
Roughly 10 years ago, Kaitlin Wichmann's life looked great on paper: The Kansas native had just graduated from college, was living in Los Angeles, had a full-time marketing job and enjoyed beautiful ocean views while working from her office in Santa Monica. But she wasn't happy. "Every day going into my job, parking in the same spot, going to the same desk, staring at the same wall — I was just like, 'There has to be more to life than this,'" Wichmann, now 31, tells CNBC Make It. It was a wakeup call that she was ready to ditch LA, and the U.S. for that matter, to become her own boss and travel the world. Now, Wichmann's days are very different: She lives Lisbon, Portugal, and is a freelance digital marketer helping American and Portuguese clients with their online advertising. She sets her own schedule (about 20 hours per week) and often works alongside friends at co-working spaces. Wichmann earns about $7,000 USD in a typical month, though her income can vary from $2,400 to $12,000 in a month. She says she earns more freelancing today than she did working for an agency in LA. She spends her free time playing tennis and padel (which is similar to tennis and squash), taking Portuguese lessons, going to the beach and traveling. "I definitely feel happier and more at peace here," Wichmann says. Here's how she made the leap. Wichmann's interest in living abroad started when she was younger. She grew up in Manhattan, Kansas, with her parents and three siblings, and her family often hosted international exchange students. When Wichmann turned 18, she traveled overseas for the first time and stayed with former exchange students in Europe. She moved to LA for college and started her career there, until she realized she didn't want to work a 9-to-5 job at all."When you're just working that much, it just wasn't enjoyable for me," she says. "And I realized if I wanted to take a jump and leave a full-time job, I wouldn't be able to do that in Los Angeles." Wichmann started taking freelance marketing work while working full-time at an agency until she eventually had enough clients to make a modest living. With her own client book, she traded LA for digital nomad life and prioritized places with lower costs of living. She first moved to Bali, Indonesia, in 2019; then went on to Chiang Mai, Thailand; spent a few weeks in Vietnam; and then another two months in Buenos Aires, Argentina. She moved back to the U.S. and stayed in Kansas City during the Covid-19 pandemic, but by 2021 was ready to keep things moving again. Wichmann was researching places she wanted to live more long-term when she remembered a previous trip to Madeira, an island off the coast of Portugal. She decided Lisbon checked off the boxes of what she wanted in a new home: good weather, proximity to a beach, a large international community and a walkable city that centered healthy activity. Around the same time, Portugal was seeing a swell of digital nomads moving in, including from the U.S. More than 714,000 foreigners made up 7% of Portugal's population in 2021, a new high, according to the Portuguese Immigration and Borders Service. Wichmann completed the application for her D7 passive income visa remotely under strict Covid guidelines: She submitted her fingerprints, opened a Portuguese bank account with 10,000 euros (about $11,600), got a tax number and signed a lease on an apartment. The visa allowed her four months to get started in Portugal, and once she arrived, she applied for residency for a two-year stay. Wichmann renewed her visa in 2023, giving her another three years of residency. (Portugal launched a separate D8 visa for digital nomads in October 2022.) Wichmann's housing arrangements have run the gamut in Lisbon: First, she stayed in a co-living space, then she subleased short-term rooms in different apartments before she found an apartment of her own. She signed a three-year lease. The biggest culture shock was learning the local language. "I immediately took classes at a university to learn Portuguese," Wichmann says, then started taking private lessons and now works one-on-one with a teacher. She books packs of five 60-minute lessons for about $71, or five 30-minute lessons for $50 as needed. "I feel like that's what's really helped me improve and what's made me a lot more confident in my speaking skills," she says. Here's how Wichmann spent her money in June 2025. Wichmann says she chose the neighborhood she lives in because it's walkable and not too far from the downtown area of Lisbon, which has plenty of restaurants, cafes and other activities. She typically uses public transit and buys a monthly unlimited pass for 30 euros, or about $35, but opted to go a la carte in June since she was away traveling. Wichmann spent time in England in June visiting her boyfriend, Henry Breheny, 31, whom she met in college in LA. They trade off visiting one another every month or so and also travel around the world together. Most of Wichmann's June discretionary spending went toward her England trip, as well as booking future travel and treating herself to a pool cabana to celebrate her birthday. She typically pays about $34 per month for about 10 hours of time at co-working spaces, but in June booked herself a three-day pass at a new place for just under $100. As a freelancer with unpredictable income, Wichmann aims to pay herself $3,000 a month, enough to cover her basic expenses, before dedicating the rest to her student loan payments, savings and investments. She has a six-month emergency fund and over $200,000 in retirement and other investment accounts. Wichmann is intentional with her work schedule so she has ample time and energy to enrich her personal life. "A lot of people are like, 'Wow, you have so much free time!' But I really fill those other hours with passion projects," she says. She's recently taken up tennis again after playing it when she was younger, and dedicates a portion of her budget to spending on gear, lessons and a club membership. Wichmann also plays padel for extra activity and social time. Wichmann says getting involved in recreational sports has been a big boost to her social life. She's made friends through Meetup, Facebook groups and different sports clubs. "Everyone that I've met here is very healthy, very outdoorsy," Wichmann says. "People just want to live a very active and fulfilled life, and I find that very inspiring." If there's one thing Wichmann misses about the comforts of home in the U.S., "it's how quickly you can get anything that you want delivered to your doorstep," she says. But it's a small adjustment she's happy to make. Ultimately, she sees herself in Portugal for the long-term. "When I moved to Lisbon, Portugal, my plan was to live here at least five years and then decide where I wanted to go after that," Wichmann says. But for now, "I don't see myself moving anywhere else, at least outside of Portugal. I just really like it here." She says her financial goals are modest: She wants to be able to pay her bills and maybe one day buy a house in Portugal with her boyfriend. As for her career, Wichmann sees her job as a means to living a more fulfilling life. "When I was living in Los Angeles, pretty much my life revolved around work," she says. Now, "my life revolves around my life with work scattered in." "I want to show people that there's a way of working that isn't a traditional 9-to-5," she says, "and to inspire people that they can live life to the fullest."
