Select Page

Globes says Wipro is paying 300 million shekels ($78.7 million) for Givon. Givon, founded in 1970 in Haifa by Ruth and Haim Givon as a family business, has grown to become Israel’s largest manufacturer of metallic aero structure parts and assemblies. Givon manufactures structural parts and assemblies which form part of aircraft fuselage, wings and empennage. The company is a certified Tier-1 supplier and counts leading global original equipment manufacturers among its customers. It has three manufacturing plants, two in Israel and one at Everett, Washington in the US. India is the largest buyer of Israeli military equipment while Israel is the second-largest defense supplier to India after Russia. Independent estimates put the potential offset opportunities at $10 billion and the acquisition of Givon will strengthen Wipro’s ability to address this market. “We welcome Givon to the Wipro family. Givon has a strong tradition of technical expertise and enduring client relationships. I am confident that Wipro and Givon together will be a significant force in key markets. The synergies from our combined portfolio and locational proximity will be a key enabler to build and nurture successful customer relationships,” said Pratik Kumar, chief executive of Wipro Infrastructure. “We are delighted with the opportunity to join hands with Wipro and this gives us an opportunity to bring to the market an expanded range of offerings,” said Ronen Givon, chief executive of Givon. Wipro Infrastructure is one of the world’s largest independent hydraulic actuator manufacturers with expertise spanning over four decades. WIN has a global workforce of over 1,700 and has 13 state-of-the-art manufacturing facilities spread across India, Europe, USA and Brazil. Wipro Ltd. is a leading global information technology, consulting and outsourcing company headquartered in Bangalore, India. FIMI is the leading private equity firm in Israel with more than $3 billion in assets under management. Since its founding by Ishay Davidi in 1996, FIMI has successfully completed 81 investments, executed 51 exits with total transaction value of more than $4.5 billion, and raised six funds.]]>