Wipro Infrastructure to acquire Israel based H R Givon

Monday, August 1, 2016

Bangalore: Wipro Infrastructure Engineering will acquire H R Givon of Israel- a 46 year old manufacturing company supplying metallic parts and assemblies to the aerospace industry in an all cash deal. Wipro Infrastructure Engineering facility is located in the Devanhalli Special Economic Zone near the Bangalore International Airport.

"This acquisition will help WIN broaden its product portfolio, expand global footprint and strengthen its ability to forge deeper customer relationships in the aviation and aerospace industry," Wipro representative said in a statement. The acquisition process is expected to be completed by September this year with all the regulatory approvals.

Givon manufactures precision machine parts of various aerospace materials like Titanium, Aluminum, Inconel,SS etc.of all sizes up to 6 meters. Givon's current list of major customers include Boeing, Gulf Stream, HAL India, KAI Korea etc. Givon's two sites in Israel are located in Haifa and Bialik a few miles away from the Haifa Seaport -the largest seaport in Israel and the country’s main Maritime gateway and about 60 miles from Ben-Gurion International Airport.Founded in 1970 Givon employs more than 200 people.