Wipro Takes Control of GE Healthcare Life Sciences India
According to media reports, GE Healthcare’s India sales currently total approximately $500 million. GE Wipro currently has 800 employees and was formed in 2000.
New Dehli, India 10/2/09—GE Healthcare has announced that its joint venture with Wipro will take over its Indian and South Asian businesses, including GE Healthcare Life Sciences. The joint venture, in which GE Healthcare holds a 51% stake, currently distributes 85% of GE Medical Systems India’s products. The transaction will add 1,200 GE employees to the joint venture, which will also assume management of two GE Healthcare manufacturing plants in India. The integration is expected to take between six months and a year.