Wipro Consumer Care has acquired a Filipino personal care company, Splash, for an undisclosed sum, marking its entry into the east Asian market.

This is Wipro’s 11th acquisition in the consumer care space. Among the brands Splash owns are SkinWhite, Maxi-peel and Vitress. Wipro Consumer Care’s international portfolio formed 51% of its total revenues in fiscal 2019, and with this acquisition it is expected to grow to 54%.

The deal is expected to close by June this year. Splash clocked in a revenue of 4.1 billion pesos ($80 million) in calendar year 2018.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Bengaluru / by Special Correspondent / Bengaluru – April 30th, 2019