ACO.Y ATCO Ltd

ATCO Ltd. announced today that it has entered into a strategic alliance with
global information technology (IT) leader, Wipro Ltd. This alliance builds on
ATCO's existing 5 year relationship with Wipro and will provide ATCO with
innovative IT solutions and support services globally for all of its companies.
Wipro is a global information technology, consulting and business process
services company. 


ATCO and Wipro have agreed to enter into a series of Master Services Agreements
for a period of 10 years that will see Wipro provide the complete suite of IT
services to ATCO.  The transaction provides for continuity of employment for
existing ATCO I-Tek personnel who will continue to support the IT needs of ATCO
as employees of Wipro.  Wipro has experience in delivering IT solutions across a
variety of industries around the world and is well suited to meeting ATCO's
global technology needs. 


The decision to outsource ATCO's IT services was due in part to increasing
regulatory challenges faced by ATCO's utility companies when applying to the
Alberta Utilities Commission to include IT costs, provided by ATCO I-Tek, for
recovery in customer rates. By competitively outsourcing its IT services, ATCO
is addressing the concerns expressed by the Alberta Utilities Commission. 


"This alliance ensures ATCO can focus on growing our core businesses of
structures and logistics, utilities and energy while Wipro delivers the
strategic and innovative IT solutions required to support our global
operations," said Brian Bale, Senior Vice-President & Chief Financial Officer,
ATCO. "Wipro's deep domain capability and technology leadership will also ensure
we can continue to deliver cost-effective services to our customers." 


"We are delighted to collaborate with ATCO in this transformational initiative,"
said Anand Padmanabhan, Chief Executive - Energy, Natural Resources, Utilities,
Wipro Ltd.  "Our focus will be to enable ATCO to enhance their competitiveness
through the deployment of strategic solutions and efficient delivery of IT
services. We are confident that our domain expertise combined with the enhanced
talent pool will help us support ATCO's growth. We have traditionally had a
strong position in the Utilities space in Europe and this engagement provides
momentum to our business in Canada and Australia. The alliance with ATCO
enhances our capability to create, nurture and tap local talent to power our
growth journey in Canada." 


Wipro will also acquire all the shares of ATCO I-Tek, including current
contracts and employees, as well as the assets of ATCO I-Tek Australia as
valuable resources to provide the IT services ATCO requires and to serve as a
launching point for Wipro's expansion in Canada and Australia. ATCO I-Tek will
continue to operate as a subsidiary under Wipro. The sale is expected to close
in the third quarter of 2014 subject to customary closing conditions. Aggregate
proceeds from the sale are expected to be approximately CAD $210 million. 


ATCO Ltd., with more than 9,800 employees and assets of approximately CAD $16
billion, delivers service excellence and innovative business solutions worldwide
with leading companies engaged in Structures & Logistics (manufacturing,
logistics and noise abatement), Utilities (pipelines, natural gas and
electricity transmission and distribution), Energy (power generation, natural
gas gathering, processing, storage and liquids extraction) and Technologies
(business systems solutions). More information can be found at www.atco.com. 


Wipro Ltd. is a leading Information Technology, Consulting and Business Process
Services company that delivers solutions to enable its clients do business
better. Wipro delivers winning business outcomes through its deep industry
experience and a 360 degree view of "Business through Technology" - helping
clients create successful and adaptive businesses. A company recognized globally
for its comprehensive portfolio of services, a practitioner's approach to
delivering innovation, and an organization wide commitment to sustainability,
Wipro has a workforce of over 140,000, serving clients in 175+ cities across 6
continents. For more information, please visit www.wipro.com. 


In Canada, Wipro has offices in Mississauga, Brantford and Calgary. 

Forward-Looking Information: Certain statements contained in this news release
may constitute forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as "anticipate", "plan",
"expect", "may", "will", "intend", "should", and similar expressions. These
statements involve known and unknown risks, uncertainties and other factors that
may cause actual results or events to differ materially from those anticipated
in such forward-looking statements. The Company believes that the expectations
reflected in the forward-looking statements are reasonable, but no assurance can
be given that these expectations will prove to be correct and such
forward-looking statements should not be unduly relied upon. The Company's
actual results could differ materially from those anticipated in these
forward-looking statements as a result of regulatory decisions, competitive
factors in the industries in which the Company operates, prevailing economic
conditions, and other factors, many of which are beyond the control of the
Company. The forward-looking statements contained in this news release represent
the Company's expectations as of the date hereof, and are subject to change
after such date. The Company disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new information,
future events or otherwise, except as required under applicable securities
regulations. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
ATCO Group
Erhard Kiefer
Senior Vice-President & Chief Administration Officer
(403) 998-3569


Wipro Ltd.
Vipin Nair
+91 8039916260
Vipin.nair1@wipro.com


Wipro Ltd.
Subhashini Pattabhiraman
+91 760983975
Subhashini.pattabhiraman@wipro.com

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