Bengaluru, Aug. 22 -- Wipro Ltd acquired Harman Digital Transformation Services (DTS), the software services and engineering arm of the Connecticut-based audio product maker, in a bid to strengthen its engineering, research, and development arm. On Thursday, India's fourth-largest information technology (IT) services company stated that its acquisition of Harman DTS is expected to cost $375 million and will be completed by December. This comes a little more than a week after a peer's move. Cross-city peer Infosys Ltd announced it bought a 75% stake in Australian IT firm, Telstra, for $150 million, signalling that the country's largest software services companies are eyeing inorganic growth in the face of demand uncertainty. "The acquisition expands Wipro's ER&D service offerings and capabilities by enhancing its AI-powered digital engineering and device engineering," said the company in its press release. Harman DTS is a subsidiary of Samsung Electronics with about 5,600 employees in 14 countries. It specialises in ER&D and IT services, including cloud, data analytics, and AI, for the industrial, consumer, hi-tech (communication and software), healthcare, and lifesciences sectors. This implies that the acquisition is expected to impact almost three-fourths of Wipro's overall business. Harman is the brand which makes JBL speakers and earphones apart from other audio products. Mint first reported in June that Harman's DTS business in India was up for sale. According to Wipro's release, Harman DTS reported $314.5 million in revenue last year, up 2% on a yearly basis. A little more than four-fifths of its revenue came from services, whereas the remaining came from selling products. This translates to 3% in incremental revenue for Wipro, which ended the last two years with a revenue decline. The tech services provider ended last year with $10.51 billion, down 2.7% on a yearly basis....