Bangalore, May 11 (PTI) Wipro Limited today announced it has signed an agreement to acquire a majority stake in Brazil-based hydraulic cylinder manufacturer RKM Equipamentos Hidr?ulicos Ltd.

Subject to customary regulatory approvals, the acquisition is expected to be completed during the quarter, the Bangalore-headquartered company said. Financial details of the transaction were not disclosed.

The acquisition would be a part of Wipro's Infrastructure Engineering division. Wipro Infrastructure Engineering is a global leader in precision engineered hydraulic cylinders and components.

It is a Tier-1 supplier to global original equipment manufacturers of construction and earth moving machinery, material handling equipment, forestry equipment, heavy and medium commercial vehicles, among other industries, across Asia and Europe.

Wipro Infrastructure Engineering President Pratik Kumar said, "Brazil is an extremely attractive market for us ...driven by a high growth economy and huge investments in infrastructure over the next few years.