Capgemini is set to acquire WNS for USD 3.3 billion in an all-cash transaction, offering USD 76.50 per share. The deal aims to enhance Capgemini's Digital BPS and Intelligent Operations capabilities. WNS, headquartered in Mumbai, operates 25 delivery centers in India, employing nearly 40,000 people and contributing over 50% of its global revenue. The acquisition, expected to close by year-end, will create a global leader in Digital BPS, integrating AI and technology solutions for enterprise transformation.
Capgemini plans to acquire WNS, a significant step announced recently in the IT services and business process management (BPM) sector. This deal aims to enhance Capgemini's digital capabilities and expand its operational footprint globally, impacting operations with significant presence in India.
The acquisition is valued at USD 3.3 billion. This is an all-cash transaction, with a price set at USD 76.50 per WNS share. Both company boards have unanimously approved the deal, which is expected to close by the end of the current year, pending regulatory and shareholder approvals. The acquisition is projected to enhance Capgemini's normalized earnings per share by 4% before synergies in 2026 and by 7% after synergies in 2027.
WNS, a global BPM player with its global headquarters in Mumbai, and additional headquarters in New York and London. It maintains a strong presence in India, operating 25 delivery centers across cities like Mumbai, Pune, Noida, Chennai, Bengaluru, and Hyderabad. WNS employs nearly 39,700 people in India, and its Indian operations contribute over 50% of WNS's global revenue. The company provides digital-led transformation solutions to various industries through highly automated platforms.
WNS recently expanded its facilities, including a new 60,000-square-foot center in Hyderabad in March 2024 and notable growth in its Vizag delivery center. The acquisition is set to expand Capgemini's capabilities in Digital BPS and Intelligent Operations.
Capgemini has secured EUR 4 billion in bridge financing for the deal, which will cover the purchase price, WNS's gross debt, and bond redemption. The company plans to refinance this through existing cash and new debt. Both companies emphasized their cultural alignment and history of successful integrations, anticipating a smooth transition.
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