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Buys Yardley biz in UK from Lornamead

BS Reporter/ 25 Jul 12 | 12:15 AM
Related to : Wipro Ltd
 Wipro Ltd
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BSE   31 Oct 14 | 12:00 AM

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Wipro on Tuesday said that it had signed an agreement with consumer care major Lornamead Group to acquire its Yardley business in the UK and some selected countries in Europe, excluding Germany and Austria. The financial details were not disclosed, but Wipro said Yardley brands in UK in FY12 clocked a revenue of Rs29.6 crore ($6.2 million). The new pact is expected to expand the reach of Wipro’s Yardley portfolio into developed markets.

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