CFIUS Clearance: Wipro Limited and Eximius Design

Status: Clearance

Acquirer: Wipro Limited (India)

Acquired: Eximius Design (U.S.)

Value: $80 million

Industry Tags: Semiconductors; Integrated Circuits; Software

On October 13, 2020, Wipro Limited, a publicly traded (NYSE: WIT, BSE: 507685, NSE: WIPRO) Indian information technology, consulting and business process services company, “announced that it has signed a definitive agreement to acquire Eximius Design, a leading engineering services company with strong expertise in semiconductor, software and systems design.” (Press Release, Wipro Limited, Form 6-K, Ex-99.1, Oct. 14, 2020, SEC Filing.) “Approval by the Committee on Foreign Investment in the United States (‘CFIUS’)” was required for the transaction. (Id.) On February 26, 2021, Wipro Limited “completed the acquisition of Eximius Design.” (Wipro Limited, Form 6-K, Mar. 1, 2021, SEC Filing.)

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