New Delhi, Aug. 21 -- Wipro Ltd acquires Harman Digital Transformation Services (DTS), the software services and engineering arm of the Connecticut-based audio product manufacturer, in a bid to strengthen its engineering, research, and development arm.

On Thursday, the country's fourth-largest information technology (IT) services company stated that its acquisition of Harman DTS, which makes JBL speakers, is expected to cost about $375 million and will be completed by December this year.

This comes a little more than a week after a peer's move. Cross-city peer Infosys Ltd announced it bought a 75% stake in Australian IT firm, Telstra, for $150 million, signalling that the country's largest software services companies are eyeing inorgani...