Capgemini Completes $3.3 Billion Acquisition of WNS, Aiming to Lead in AI-Driven Intelligent Operations

Capgemini completes acquisition of WNS - The Economic Times

This deal creates a global leader in Intelligent Operations. The acquisition aims to enhance AI tool offerings for companies. WNS will be integrated into Capgemini's accounts soon. This move is set to transform business processes in the era of generative AI. Capgemini is also pursuing other acquisitions this year.French technology giant Capgemini on Friday said it has completed the $3.3 billion (over Rs 28,000 crore) acquisition of the US-based Indian-heritage business process outsourcing (BPO) firm WNS to expand the range of AI tool offerings for companies. This is one of the largest transactions in the global technology services sector. Capgemini creates a global leader in Intelligent Operations to capture clients' investment in Agentic AI to transform their end-to-end business processes with the closing of this transaction, Capgemini said in a statement. In July, Capgemini had entered into a definitive agreement to acquire WNS for $76.50 per WNS share. The total cash consideration amounted to $3.3 billion, excluding WNS' net financial debt. WNS will be consolidated into Capgemini's accounts as of October 17, 2025, the statement added. "Our teams are looking forward to beginning this next chapter, joining forces with Capgemini to create a global powerhouse and build something truly transformative in the era of generative and agentic AI," said Keshav R. Murugesh, CEO of WNS. "The next wave of transformation will be driven by intelligent, domain and industry-centric operations, delivering efficiency and agility through hyper-automation for superior business outcomes." At around $25 billion (€22.1 billion as on December 2024) global revenue share, Capgemini is Europe's second-biggest IT services company by value, after the Ireland-based Accenture. Despite narrowing its full-year (ending December) guidance range at -1% to +1%, compared to the previous estimate of between -2% and 2%, Capgemini expects the WNS deal to boost earnings relatively quickly with projected revenue synergies between €100-140 million ($117.8-164.9 million), and an annual pretax run rate for cost and operating model synergies of between 50 million and 70 million euros by the end of 2027. In September, Capgemini issued a €4.0 billion (over Rs 40,000 crore or around $4.6 billion) bond to finance this transaction, besides helping refinance its financial debt, and for the group's general corporate purposes. The technology major is on an acquisition spree this year. In August, Capgemini also signed an agreement to acquire Indian-origin, Singapore-based Cloud4C, a managed cloud services provider owned by CtrlS Group, founded by Sridhar Pinnapureddy. Earlier in April, it acquired Europe-based Delta Capita, specialising in the financial crime compliance (FCC) services space. And prior to that, in December 2024, completed the buyout of US-based Syniti, a company specialising in data quality, migration, and governance. Though based in France, of its total workforce of 350,000 employees, Capgemini currently employs around 175,000 people in India. In August, the IT major announced its plans to recruit between 40,000 and 45,000 employees this year in the country. "By combining Capgemini's global reach, strategy and transformation capabilities, technology and AI leadership with WNS's industry expertise and platforms, we're uniquely positioned to help our clients reinvent their business processes end-to-end and lead in their market. We can now move forward in building together a global leader in Intelligent Operations," said Aiman Ezzat, CEO of Capgemini.

Capgemini completes acquisition of WNS.

Capgemini announces that it has completed the acquisition of WNS, a provider of digital business process services. With this transaction, Capgemini is creating a global leader in Intelligent Operations to capture corporate investment in agentic AI. On July 7, 2025, Capgemini and WNS announced that they had signed a definitive agreement for Capgemini to acquire WNS to create a global leader in Intelligent Operations based on agentic AI, for a cash consideration of $76.50 (USD) per WNS share. The transaction is worth a total of $3.3bn, before taking into account WNS' net financial debt. On September 18, 2025, Capgemini announced that it had successfully issued a €4.0bn bond to finance this transaction, refinance its financial debt, and for the Group's general corporate purposes. WNS will be consolidated into Capgemini's accounts as of October 17, 2025. "We can now begin to build a global leader in Intelligent Operations together," said Aiman Ezzat, Capgemini's CEO.