Capgemini Acquires WNS for $3.3 Billion to Boost AI-Powered Intelligent Operations

France's Capgemini to buy WNS for $3.3bn to improve AI offerings

The acquisition comes as Capgemini seeks to expand its AI operations, and WNS will also provide more access to the US market. Tech and consultancy group Capgemini has agreed to buy US-listed WNS Holdings Ltd. for $3.3 billion (€2.8bn), according to a statement released on Monday. The French firm said that it is offering $76.50 per WNS share, representing a premium of 17% on the stock's closing price on Thursday. This does not include WNS' financial debt. Capgemini forecasts that the deal will boost its earnings per share by about 4% on a normalized basis in 2026, rising to 7% in 2027 after combining operations. The French firm plans to generate additional annual revenues of €100 million to €140mn by the end of 2027 through revenue synergies. Cost and operating model synergies are also expected to come to €50mn to €70mn per year, before taxes, by the end of 2027. The acquisition comes as Capgemini seeks to expand its AI operations. "Capgemini's acquisition of WNS will provide the Group with the scale and vertical sector expertise to capture that rapidly emerging strategic opportunity created by the paradigm shift from traditional BPS (Business Process Services) to Agentic AI-powered Intelligent Operations," Aiman Ezzat, Chief Executive Officer of Capgemini, said in a statement. "Immediate cross-selling opportunities will be unlocked through the integration of our complementary offerings and clients," he added. As of the end of March, WNS had almost 65,000 employees across 64 delivery centres worldwide. The firm has a number of major clients, including Coca-Cola, T-Mobile, and United Airlines. The deal was unanimously approved by the board of the two firms and is expected to close by the end of the year, subject to shareholder and regulatory approval. At just after 10am CEST, Capgemini's share price was down around 3.5% at 140.10 on Monday morning.

Capgemini bets on agentic AI with $3.3bn WNS acquisition

Capgemini offices, Krakow, Poland. Image: Longfin Media /Stock.adobe.com French technology services company Capgemini is going all in on agentic AI services with its $3.3bn acquisition of US-based WNS. The cash acquisition of WNS at $76.50 per share has been approved by both board of directors and is expected to close by the end of 2025. Capgemini says it aims through the acquisition to create "a leader in Intelligent Operations to capture enterprise investment in Agentic AI to transform their end-to-end business processes". It is a further sign that IT services companies around the globe are seeing the rise of AI - and agentic AI in particular - as where future revenues lie. "Enterprises are rapidly adopting Generative AI and Agentic AI to transform their operations end-to-end," said Aiman Ezzat, CEO of Capgemini. "Business Process Services (BPS) will be the showcase for agentic AI. Capgemini's acquisition of WNS will provide the Group with the scale and vertical sector expertise to capture that rapidly emerging strategic opportunity created by the paradigm shift from traditional BPS to agentic AI-powered intelligent operations." "Together we will create a leader in Intelligent Operations, uniquely positioned to support organisations in their AI-powered business process transformation, blending the critical capabilities needed from consulting, technology and platforms to deep process and industry expertise," he continued, adding that the acquisition also offers the French company greater exposure to the US market. "Organisations that have already digitised are now seeking to reimagine their operating models by embedding AI at the core, shifting from automation to autonomy," said Keshav R Murugesh, CEO of WNS. "By combining our deep domain and process expertise with Capgemini's global reach, cutting-edge Gen AI and Agentic AI capabilities, a robust partner ecosystem, and advanced technology platforms, we are creating a powerful proposition that accelerates enterprise reinvention. WNS is a leader in Digital Business Process Services (BPS), and boast clients from United Airlines and Aviva to Centrica and McCain Foods. It reported revenues of $1,266m in its fiscal year 2024 with an 18.7pc operating margin. The combined entities would have generated a revenue of €23.3bn at a 13.6pc operating margin in 2024, according to Capgemini. Capgemini employs some 340,000 in more than 50 countries, and the Group reported 2024 global revenues of €22.1 billion. WNS employs over 64,000 and has operations in 13 countries including Canada, India, Turkey, the UK and the US. Don't miss out on the knowledge you need to succeed. Sign up for the Daily Brief, Silicon Republic's digest of need-to-know sci-tech news.

Capgemini to Acquire WNS for $3.3 Billion with Focus on Agentic AI | AIM

The acquisition is expected to strengthen Capgemini's presence in the US market. Capgemini has announced a definitive agreement to acquire WNS, a mid-sized Indian IT firm, for $3.3 billion in cash. This marks a significant step towards establishing a global leadership position in agentic AI. The deal, unanimously approved by the boards of both companies, values WNS at $76.50 per share -- a premium of 28% over the 90-day average and 17% above the July 3 closing price. The acquisition is expected to immediately boost Capgemini's revenue growth and operating margin, with normalised EPS accretion of 4% by 2026, increasing to 7% post-synergies in 2027. "Enterprises are rapidly adopting generative AI and agentic AI to transform their operations end-to-end. Business process services (BPS) will be the showcase for agentic AI," Aiman Ezzat, CEO of Capgemini, said. "Capgemini's acquisition of WNS will provide the group with the scale and vertical sector expertise to capture that rapidly emerging strategic opportunity created by the paradigm shift from traditional BPS to agentic AI-powered intelligent operations." Pending regulatory approvals, the transaction is expected to close by the end of 2025. WNS' integration is expected to strengthen Capgemini's presence in the US market while unlocking immediate cross-selling opportunities through its combined offerings and clientele. WNS, which reported $1.27 billion in revenue for FY25 with an 18.7% operating margin, has consistently delivered a revenue growth of around 9% over the past three fiscal years. "As a recognised leader in the digital BPS space, we see the next wave of transformation being driven by intelligent, domain-centric operations that unlock strategic value for our clients," Keshav R Murugesh, CEO of WNS, said. "Organisations that have already digitised are now seeking to reimagine their operating models by embedding AI at the core -- shifting from automation to autonomy." The companies expect to drive additional revenue synergies between €100 million and €140 million, with cost synergies of up to €70 million annually by the end of 2027. "WNS and Capgemini share a bold, future-focused vision for Intelligent Operations. I'm confident that Capgemini is the ideal partner at the right time in WNS' journey," Timothy L Main, chairman of WNS' board of directors, said. Capgemini, already a major player with over €900 million in GenAI bookings in 2024 and strategic partnerships with Microsoft, Google, AWS, Mistral AI, and NVIDIA, aims to solidify its position as a transformation partner for businesses looking to embed agentic AI at scale.

Capgemini shares drop post-WNS deal on AI impact concerns - The Economic Times

Capgemini's shares experienced a drop following its agreement to acquire WNS, a BPO firm, in a cash transaction. Investors are expressing concerns about the potential impact of generative AI on the BPO sector, which could lead to increased automation and reduced revenue.Capgemini shares fell over 5% on Monday after the IT major announced a $3.3 billion (Rs 28,280 crore) cash acquisition of business process outsourcing (BPO) firm WNS. The decline reflects investor concerns about the potential impact of generative AI on the BPO market that Capgemini is targeting through this deal. Analysts at Morgan Stanley noted that AI could make the BPO sector highly automated, shifting it away from its traditional people-intensive model. This could lead to lower revenues and intensify competition from new entrants, they said. While WNS is not large enough to be transformational for Capgemini's overall financials, the acquisition will weigh on its balance sheet for a couple of years, the analysts added. Capgemini shares fell as much as 5.6% to €137.15 -- their lowest level since April. Under the deal, Capgemini will acquire WNS for $76.50 per share, representing a 17% premium to WNS's Friday closing price. Capgemini said the acquisition will be immediately accretive to revenue growth and operating margin, and will boost its normalised earnings per share by 4% in 2026 and 7% in 2027 after synergies kick in. The company forecasts €100-140 million ($118-165 million) in revenue synergies and expects annual pretax run-rate cost and operating model synergies of €50-70 million by end-2027. The transaction has been approved by the boards of both companies and is expected to close by year-end, subject to regulatory approvals. WNS provides BPO and data analytics services to clients including Coca-Cola, T-Mobile, and United Airlines. In fiscal 2025, it reported $1.27 billion in revenue with an 18.7% operating margin. Its revenue has grown around 9% at constant currency on average over the last three fiscal years.

Capgemini Doubles Down On Agentic AI With $3.3 Billion WNS Acquisition - Capgemini (OTC:CGEMY), WNS (Holdings) (NYSE:WNS)

Capgemini SE CGEMY announced Monday that it will acquire WNS Holdings Ltd. WNS in a $3.3 billion all-cash deal to create a global leader in Agentic AI-powered Intelligent Operations. The transaction, which offers $76.50 per WNS share, reflects a 17% premium over WNS' most recent closing price and has received unanimous approval from both companies' boards. Capgemini expects the deal to close by year-end, pending shareholder and court approvals. The acquisition gives Capgemini access to WNS's high-margin digital business process services and strengthens its position in the U.S. market. The combination is designed to capitalize on a growing enterprise shift toward AI-driven operational models. Also Read: IBM Just Tackled One Of Tech's Most Annoying Bottlenecks Aiman Ezzat, CEO of Capgemini, said the combination is designed to capture the surge in enterprise demand for Agentic AI, which is transforming how companies manage operations from end to end. He described the merger as a step toward building a new benchmark for Intelligent Operations that leverages automation, data, and domain expertise to deliver superior results at scale. Keshav R. Murugesh, CEO of WNS, echoed the enthusiasm, calling the deal a strategic leap toward embedding AI at the core of business models. He noted that the combined portfolio would expand Capgemini's footprint across industries and enhance its ability to support organizations as they shift from automation to autonomy in operational strategy. WNS reported $1.27 billion in revenue for fiscal 2025 and holds long-term contracts with companies like United Airlines and Aviva. Capgemini expects the deal to increase normalized EPS by 4% in 2026 and 7% by 2027, post-synergies. Estimated annual revenue synergies range between 100 million euros (~$108 million) and 140 million euros (~$151.2 million), with cost savings projected up to 70 million euros (~$75.6 million). Capgemini is funding the transaction with a 4 billion euros bridge loan, partially backed by internal cash and future debt issuance. The company plans to integrate WNS into its Global Business Services unit, citing a strong cultural fit and complementary capabilities across AI, platforms, and consulting. Related ETFs: Global X Artificial Intelligence & Technology ETF AIQ, iShares Expanded Tech-Software Sector ETF IGV. Price Action: WNS shares were trading higher by 12.44% to $73.51 premarket at last check Monday. Read Next: After Microsoft Lays Off 9,100 Workers, Xbox Executive Tells Fired Workers To Turn To AI For Mental Health Help Photo via Shutterstock CGEMYCapgemini SE$34.24-0.15%OverviewWNSWNS (Holdings) Ltd$73.7012.7%AIQGlobal X Artificial Intelligence & Technology ETF$43.87-0.30%IGViShares Expanded Tech-Software Sector ETF$110.43-0.75% This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

M&A Snapshot: Capgemini to buy WNS in $3.3 billion deal to deepen AI offering

Sale is about to end! Create a free account now + take 20% off your first year " Capgemini stock down 2% on Euronext Paris. More on Capgemini SE, WNS (Holdings) Limited Capgemini: Upside Confirmed In Q1'25, I'm Retaining My Positive Outlook Capgemini SE (CAPMF) Q1 2025 Earnings Call Transcript WNS (Holdings): Moving In The Right Direction, But Stronger Evidence Of Growth Is Needed Capgemini to buy WNS for $3.3 billion in push to boost AI SA Asks: Which Euro tech stocks are most attractive right now? 20% Off Sale: Create a free account to read the latest news See what's moving the market. Gain access to breaking stock news, leading investing newsletters, and top analysts.

Capgemini to Acquire WNS for $3.3 Billion to Lead in Agentic AI-Powered Intelligent Operations

The total cash consideration will amount to $3.3 billion, excluding WNS net financial debt. The transaction will be accretive to Capgemini's normalized EPS by 4% before synergies in 2026 and 7% post synergies in 2027. The transaction has been unanimously approved by both Capgemini's and WNS' Boards of Directors. "Enterprises are rapidly adopting Generative AI and Agentic AI to transform their operations end-to-end. Business Process Services will be the showcase for Agentic AI. Capgemini's acquisition of WNS will provide the Group with the scale and vertical sector expertise to capture that rapidly emerging strategic opportunity created by the paradigm shift from traditional BPS to Agentic AI-powered Intelligent Operations," comments Aiman Ezzat, Chief Executive Officer of Capgemini. "Together we will create a leader in Intelligent Operations, uniquely positioned to support organizations in their AI-powered business process transformation, blending the critical capabilities needed from consulting, technology and platforms to deep process and industry expertise. This will address the client needs for Agentic AI-driven process transformation to deliver efficiency and agility through hyper-automation while achieving superior business outcomes.

Capgemini: agreement to acquire WNS

Capgemini announces that it has signed a definitive agreement to acquire WNS for a cash consideration of $76.50 per share, representing a premium of 28% over the average share price over the last 90 days. The acquisition of this digital business process management services provider will enable Capgemini to create a leader in intelligent operations with the critical mass to capture the strategic opportunity offered by agentic AI. The transaction, for a total consideration of $3.3bn (before taking into account WNS's net financial debt), will have an accretive impact on Capgemini's normalized EPS of 4% before synergies in 2026 and 7% after synergies in 2027. Unanimously approved by the boards of directors, it is subject to approval by WNS shareholders and regulatory approvals, as well as other customary conditions. It is expected to close by the end of the year. Copyright (c) 2025 CercleFinance.com. All rights reserved.

Capgemini launches $3.3bn takeover bid on WNS

On July 7, Capgemini announced the acquisition of US-listed Indian company WNS for $3.3 billion, marking a major strategic step in its ambition to become a global leader in "intelligent operations." Capgemini took the opportunity to provide some details on its H1 performance, while reiterating its objectives. The French group is acquiring a recognized player in digital business process services (Digital BPS) at a time when generative and agentic artificial intelligence is redefining the contours of operational transformation for businesses. The transaction, which values each WNS share at $76.50, was unanimously approved by both boards of directors. The total price comes to $3.3bn, excluding debt. Capgemini has secured €4 billion in bridge financing, covering not only the purchase price of the shares, but also the assumption of gross debt and obligations. This combination will enable Capgemini to strengthen its footprint in the North American market and complement its offering with WNS's industry, technology and functional expertise. The transaction will have an immediate accretive impact on the group's revenue and operating margin, with an expected gain of 4% on normalized EPS in 2026, rising to 7% in 2027 once synergies are fully realized. WNS's services, which are growing steadily and are highly profitable, provide a solid foundation for accelerating the development of "Intelligent Operations," a new segment driven by advanced automation and the large-scale use of AI. By leveraging the convergence of consulting, technology and AI-powered platforms, Capgemini aims to meet the growing demand from businesses for more agile, autonomous and value-creating operational solutions. The integration of WNS, which is based on shared cultural and strategic foundations, is part of this ambition. The new entity, with combined revenues of $1.9bn in Digital BPS services, will be structured within the group's Business Services activities and positioned to capture the next wave of digital transformation. On the operational front, Capgemini anticipates a slight improvement in revenue growth in Q2 2025, compared with the 0.4% decline recorded in Q1, at constant exchange rates. The operating margin is expected to remain stable at 12.4% for the half-year. However, management warns that the final figures may differ slightly, given the timing of the announcement, with the H1 results still scheduled for July 30.

Capgemini to buy outsourcing firm WNS for $3.3 billion in AI push

(Reuters) -France's Capgemini has agreed to buy technology outsourcing firm WNS for $3.3 billion in cash to expand the range of AI tools it offers for companies, the IT services group said on Monday. The deal equips Capgemini to create a consulting business service focused on helping companies improve their processes and cost efficiency with the use of artificial intelligence, namely generative AI and agentic AI, which it expects to attract significant investments. The purchase price translating to $76.50 per WNS share represents a 17% premium compared to their last closing price on July 3 and does not include WNS's financial debt, Capgemini said. Its interest in India-based WNS, whose services include business process outsourcing and data analytics, was first reported by Reuters in April. "WNS brings ... its high growth, margin accretive and resilient Digital Business Process Services ... while further increasing our exposure to the US market," Capgemini CEO Aiman Ezzat said in a press statement. WNS's customers include large organizations such as Coca-Cola, T-Mobile and United Airlines. On a conference call with media and analysts, Ezzat said the acquisition would immediately create cross-selling opportunities between the two companies, mainly in the U.S. and Britain. Capgemini expects the deal to be closed by the end of 2025 and be immediately accretive to its revenue and operating margin. However, its shares fell around 5% following the news, the biggest losers on Europe's benchmark STOXX 600 index as of 1024 GMT, with Morgan Stanley analysts saying the deal would limit its balance sheet flexibility while not having a major impact on financials. Some investors are also concerned that Gen AI could impact the typically staff-intensive business process outsourcing (BPO) market, which could bite into Capgemini's revenues and expose it to new competition, the analysts said in a research note. "We expect investors to be able to see the opportunity that could come from disrupting BPO with Gen AI but think some evidence will be needed to convince the market WNS is the right vehicle," they added. (Reporting by Mateusz Rabiega in Gdansk, editing by Milla Nissi-Prussak)