Replace multiple spaces with a single | (pipe)

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I want a simple code to replace multiple spaces with a single | in a file. Code must include input and output file path.

For example Input,

200  514099******2039      00  17/01/25                        0       592335                   557.00   586

Required Output,

200|514099******2039|00|17/01/25|0|592335|557.00|586

Kindly assist in this regard. Any help would be highly appreciated.

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