SAIC Completes Sale of its Global Oil and Gas IT Services Business to Wipro Ltd.

Joe Craver, SAIC

Science Applications International Corporation (NYSE: SAI) has completed the sale of its domestic and some foreign oil and gas IT services operations to Wipro Ltd (NYSE: WIT). Approximately 1, 450 employees will join Wipro from SAIC’s health, energy, and civil solutions group led by Joe Craver.

The operations include SAIC’s U.S.-based oil and gas IT services business, SAIC Ltd. in the United Kingdom, Science Applications International, Europe S.A.R.L. in France and SAIC India Private Ltd. in India.

SAIC’s Middle East subsidiary, SAIC Gulf LLC, is expected to transfer to Wipro after regulatiory approval.  

“With Wipro, the operations sold will have an owner with a strategic focus in multinational commercial oil and gas IT services and a significant footprint, which will enable them to maximize the value of this profitable business, ” said Craver. “SAIC remains committed to our strategic growth areas we have identified in the energy sector, including smart grid, renewable energy implementation, and energy efficiency.”

Check Also

KBR

KBR Wins Potential $93M Navy Combat Integration System Support IDIQ

KBR’s (NYSE: KBR) government services business has won a potential five-year, $92.6M contract to engineer and produce datalink systems and associated platforms for the U.S. Navy’s combat operations.

DLA

DLA Awards Logistics Modernization Integration Support IDIQs to Advantaged Solutions, United Defense International

Advantaged Solutions and United Defense International have each received a potential five-year, $265M contract from the Defense Logistics Agency for logistics modernization integration support.