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Wipro Consumer Care signed a definitive agreement to acquire Splash Corporation, a Philippines-based personal care company.
Wipro Consumer Care signed an agreement to acquire Splash Corporation, a Philippines-based personal care company, reported Livemint.
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Without disclosing the deal value, Wipro said this is the company’s 11th acquisition in the consumer line business, and the 9th acquisition in the personal care segment overall.
Other Wipro consumer acquisitions include UK’s Yardley, Singapore-based personal-care company LD Waxson Unza Holdings and China’s Zhongshan and a lot more.
Splash is the largest Philippine personal care player and among the top five in the Philippines market. It recorded a revenue of $80 million last year.
“This acquisition enables us to grow Wipro brands in the Philippines by leveraging Splash’s distribution strength across market segments...," Nagender Arya, regional director (East Asia, Africa and Europe), Wipro Consumer Care, said in a statement.