Capgemini to Acquire WNS for $ 3.3 Billion
French technology giant Capgemini has reached an agreement to acquire business process management (BPM) technology firm WNS for $3.3 billion (Rs 28,280 crore) in cash. The global consulting and technology organization is proposing $76.5 for each WNS share, which represents a 17 percent premium over the stock's closing price on July 3 in New York. This price reflects a 27 percent premium compared to the 30-day average.
According to Capgemini, the acquisition will provide immediate benefits to the group's revenue growth and operating margins, and is expected to increase its normalized earnings per share by 4 percent in 2026 and by 7 percent in 2027 following synergies.
Capgemini anticipates generating between 100 million and 140 million euros ($117.8-164.9 million) in revenue synergies and projects an annual pretax run rate for cost and operating model synergies between 50 million and 70 million euros by the conclusion of 2027.
The transaction has received approval from the boards of both companies and is expected to finalize by the end of the year, pending necessary approvals.
Also Read: WAVES 2025: Burgeoning India's Orange Economy
“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 (business process services) to Agentic AI-powered Intelligent Operations,” Capgemini chief executive Aiman Ezzat says.
WNS provides services including business process outsourcing and data analytics. For fiscal 2025, it reported $1.27 billion in revenue, with an 18.7 percent operating margin. Its revenue has grown by around 9% at constant currency on average over the last three fiscal years.
“We see the next wave of transformation being driven by intelligent, domain-centric operations that unlock strategic value for our clients. Organizations that have already digitized are now seeking to reimagine their operating models by embedding AI at the core—shifting from automation to autonomy," says Keshav R Murugesh, chief executive officer 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," adds Keshav.
Also Read: April 2025 CXO Appointments Synopsis
WNS’ complementary portfolio of horizontal and industry-specific solutions will significantly enhance Capgemini’s rapidly growing Business Services footprint, enabling next-generation, data-driven operations across sectors," says Keshav.