Capgemini, a French IT services firm, has announced the acquisition of technology outsourcing company WNS in a $3.3 billion all-cash deal. The move is aimed at enhancing Capgemini’s agentic artificial intelligence (AI) offerings to better support enterprises in their digital transformation journeys.
Under the terms of the agreement, Capgemini will pay $76.50 per WNS share, reflecting a 17 per cent premium over WNS’ last closing price. The deal excludes WNS’ financial debt.
The transaction has received unanimous approval from the boards of directors of both companies and is expected to be completed by the end of calendar year 2025, subject to regulatory and shareholder approvals.
Further, as per Capgemini, the acquisition would significantly expand its consulting services, particularly in helping businesses leverage AI and agentic AI technologies. These capabilities are expected to capture a substantial share of future digital transformation investments.
Capgemini expects this deal to increase its normalised earnings per share by 4 per cent before synergies in 2026, and by 7 per cent in 2027 post-synergies.
