Wipro Hydraulics, the hydraulic cylinder manufacturing division of Wipro Infrastructure Engineering (WIN), announces the acquisition of US competitor Columbus Hydraulics, marking its second acquisition in as many months.

According to reports, the acquisition is intended to improve production capacity in North America. The acquisition's cost was kept a secret.

Sitaram Ganeshan, president, Wipro Hydraulics says, “The acquisition of Columbus Hydraulics, following our recently acquired Mailhot Industries, is a strategic move to accelerate growth in North America. This acquisition complements our product and customer portfolio, allowing us to offer a broader range of hydraulic solutions for varied applications. Our combined skilled workforce will enable us to innovate for the current and future needs of our customers.”

This acquisition marks WIN's thirteenth acquisition overall and its sixth within the hydraulics division. This is Wipro Enterprises' 29th acquisition.

Supported by billionaire Azim Premji's Wipro group, Wipro Enterprises' unlisted industrial engineering division, WIN, generates $1.9 billion in revenue annually compared to Wipro Ltd.'s $11.2 billion.

Kumar, who also serves as the CEO and MD of Wipro Enterprises, had earlier this year disclosed WIN's aspirations to increase its revenues from a projected $800 million in FY24 to $1 billion by the conclusion of the current financial year, which ends in March 2025, to spur inorganic development.

“As a leading independent hydraulic cylinder manufacturer, Wipro Hydraulics has established a significant presence in all growth markets. This acquisition strengthens our position and enhances our manufacturing capabilities in North America. By integrating Columbus Hydraulics’ expertise in customized hydraulic solutions, we aim to provide even more comprehensive offerings to our customers,” said Pratik Kumar, chief executive officer at WIN.