devauniversal
06-07-2007, 11:43 AM
India's third-largest software services exporter, Wipro has acquired Singapore's Unza Holding for Rs 1000 cr ($246 million) in cash, the company said on Friday.
The 100-percent acquisition is expected to be closed by end-July, it said in a statement.
Unza Holding recorded revenues of Rs 683 crore with double digit operating margin for fiscal year ending on April 30, 2007.
Unza is South East Asia's largest independent manufacturer and marketer of personal care products bringing Asian focused brands to millions of Asian consumers.
The company, which has operations in over 40 countries, has a wide portfolio of personal care brands, such as Enchanteur, Safi, Romano and Izzi - not to mention its two detergent brands, Vigor and Maxkleen.
Headquartered in Singapore, Unza has manufacturing plants in Malaysia, Vietnam, China and Indonesia. Last year Unza's revenues grew 14% in dollar terms, well ahead of market growth rates in the region.
Source : ET (http://economictimes.indiatimes.com/News/News_By_Industry/Infotech/Wipro_buys_Singapore-based_co_/articleshow/2180512.cms)
The 100-percent acquisition is expected to be closed by end-July, it said in a statement.
Unza Holding recorded revenues of Rs 683 crore with double digit operating margin for fiscal year ending on April 30, 2007.
Unza is South East Asia's largest independent manufacturer and marketer of personal care products bringing Asian focused brands to millions of Asian consumers.
The company, which has operations in over 40 countries, has a wide portfolio of personal care brands, such as Enchanteur, Safi, Romano and Izzi - not to mention its two detergent brands, Vigor and Maxkleen.
Headquartered in Singapore, Unza has manufacturing plants in Malaysia, Vietnam, China and Indonesia. Last year Unza's revenues grew 14% in dollar terms, well ahead of market growth rates in the region.
Source : ET (http://economictimes.indiatimes.com/News/News_By_Industry/Infotech/Wipro_buys_Singapore-based_co_/articleshow/2180512.cms)