Wipro arm buys a Boeing supplier

BENGALURU: Wipro NSE -0.04 % Givon USA, an arm of Wipro Infrastructure Engineering, is buying the Washington manufacturing facility of Boeing supplier TECT Aerospace Group Holdings for $31 million. Wipro’s bid for the manufacturing site was the only qualified offer submitted, TECT told a US bankruptcy court, a Bloomberg report said.

The court gave the go-ahead for the deal. TECT manufactures complex aerostructure components, parts, and assemblies.An email to Wipro Givon asking for a confirmation and details about the deal did not elicit a response.