Latest news with #Lauak
Business Upturn
27-06-2025
- Business
- Business Upturn
Wipro shares in focus after company reportedly set to acquire 51% stake in French aerospace supplier Lauak
Wipro shares are drawing investor attention following reports from French publication Les Echos that the company is set to acquire a 51% stake in Lauak, a French aerospace supplier. Wipro shares opened at ₹269.00 and touched a high of ₹270.00 in today's trade. The stock slipped to a low of ₹266.80 during the session. Wipro's 52-week high stands at ₹324.60, while the 52-week low is ₹228.00. As of 11:09 AM, the shares were trading 0.28% lower at Rs 267.78. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
India.com
19-06-2025
- Business
- India.com
Azim Premji's masterstroke, to acquire majority stake in…, milestone for Wipro Aerospace, announced at…
Azim Premji- File image Wipro Infrastructure Engineering (WIN) is a provider of engineering and manufacturing solutions. They announced on Wednesday its plan to acquire a majority stake in Lauak Group which is a French manufacturer of aircraft components. Lauak Group was established 50 years ago and is a family-run business that supplies parts to prominent global aerospace companies. Details about the stake size and deal value are not disclosed. WIpro On Partnership With Lauak 'Wipro Infrastructure Engineering (WIN), a leading global engineering and manufacturing solutions provider and the Charritton Family, founders and current shareholders of Lauak Group, announced today at the Paris Air Show that they have entered into exclusive negotiations for a majority stake acquisition in the company. 'The proposed transaction was submitted to the relevant employee representative bodies for consultation, and all necessary approvals have now been received,' a company statement said. The transaction is expected to close in the coming months, it said. New Name: 'Wipro Lauak' Lauak Group and Wipro names would be combined to form Wipro Lauak. The deal will establish a joint Board of Directors with representatives from both Wipro and Lauak to oversee the company's future operations and growth. Lauak Group CEO Mikel Charritton will remain in his role. 'This planned acquisition represents a significant moment in the continued growth of Wipro Aerospace. Lauak's rich legacy in Aerospace and specialised expertise aligns with our long-term vision of building a fully integrated, global aerospace solutions platform. Together, we would be positioned to deliver greater value, agility, and innovation to our customers worldwide,' Pratik Kumar, CEO, Wipro Infrastructure Engineering, said. (With Inputs From PTI)
Time of India
18-06-2025
- Automotive
- Time of India
Wipro Infrastructure Engineering to acquire majority stake in Lauak Group
Bengaluru: Wipro Infrastructure Engineering (WIN) is acquiring a majority stake in the French aerospace manufacturer Lauak Group to expand its footprint in the European aerospace sector and enhance its global capabilities to support key industry players. WIN and the Charritton Family, founders of Lauak Group, have entered into an exclusive agreement at the Paris Air Show and the new entity will be christened Wipro Lauak. The transaction is expected to close in the coming months, subject to customary closing conditions. Founded in 1975, the French aerospace manufacturer Lauak Group specialises in sheet metal, machining, welding, piping, and assembly. Lauak produces a comprehensive range of products from elementary parts to complex assemblies in structure and engine components. Lauak is a 50-year-old, family-owned aerospace manufacturer, serving as a tier-1 supplier to major global aerospace companies. Pratik Kumar, CEO of WIN and MD of Wipro Enterprises, said, "This planned acquisition represents a significant moment in the continued growth of Wipro Aerospace. Lauak's rich legacy in aerospace and specialised expertise align with our long-term vision of building a fully integrated, global aerospace solutions platform." Mikel Charritton, CEO of Lauak Group, said, "Planning to join forces with Wipro offers an exciting opportunity to innovate and internationalise. Together, we will strengthen our position in the aerospace industry and continue delivering high-quality solutions to our customers worldwide." This proposed acquisition will reinforce Wipro's position as a trusted industrial partner in France, driving innovation, creating employment opportunities, and advancing the nation's strategic autonomy in aerospace. The terms of the transaction include the establishment of a Board of Directors comprising representatives from both sides. To ensure the long-term continuity of operations, Mikel Charritton will remain CEO of the company.
