Wipro Infrastructure Engineering (WIN) and the Charritton Household, founders and present shareholders of French aerospace producer Lauak Group, have entered into unique negotiation for a majority stake acquisition within the firm. This transfer was introduced on Wednesday on the Paris Air Present.
Based on the corporate, the transaction is predicted to shut within the coming months, topic to customary closing circumstances, and can reinforce Wipro’s dedication to increasing its footprint within the European aerospace sector and enhancing its world capabilities to help key business gamers.
Aaerospace options
Pratik Kumar, CEO, Wipro Infrastructure Engineering, and MD, Wipro Enterprises, mentioned, “This deliberate acquisition represents a major second within the continued progress of Wipro Aerospace. Lauak’s wealthy legacy in Aerospace and specialised experience align with our long-term imaginative and prescient of constructing a fully-integrated, world aerospace options platform. Collectively, we might be positioned to ship better worth, agility and innovation to our clients worldwide.”
The phrases of the transaction would come with the institution of a board of administrators comprising representatives from each side. To make sure the long-term continuity of operations and ongoing tasks, Mikel Charritton would stay CEO of the corporate. The Lauak and Wipro names can be mixed to type WIPRO LAUAK.
Mikel Charritton, CEO, Lauak Group, mentioned, “Planning to affix forces with Wipro would supply an thrilling alternative to innovate and internationalise. Collectively, we might strengthen our place within the aerospace business and proceed delivering high-quality options to our clients worldwide.”
Revealed on June 18, 2025
