Wipro completes sale of its EcoEnergy division

Wipro is  India’s third largest software exporter and it has completed the USD 70 million sale of its EcoEnergy division. In November last year, the Bengaluru-based company had said it will sell its EcoEnergy division to Chubb Alba Control Systems for USD 70 million in order to sharpen focus on core IT business.

Chubb Alba is an indirect subsidiary of United Technologies Corporation (UTC), which is a major US multinational with sales of $56 billion and has 2 lakh employees.