Wipro’s $375 million acquisition of Harman Connected Services marks a significant move into high-value ER&D and device engineering — spanning sectors like automotive, aerospace, and healthcare. Unlike past smaller tuck-in deals (Capco, Rizing, Ampion), Harman offers real scale: 5,600 employees, over $310 million in annual revenue, and strong ties with Samsung.

With ER&D spending surging — 72% YoY in Q2CY25 — the market is ripe. But analysts caution: Wipro must avoid smothering Harman within slow, bureaucratic structures if it wants this deal to succeed where others underdelivered.