Capgemini Acquires WNS for $3.3 Billion to Boost AI Offerings

Capgemini to buy WNS for $3.3 billion in cash, a 17% premium over WNS's last closing price. The acquisition aims to create a consulting business service focused on guiding enterprises on how to reform operations through Generative AI and Agentic AI. WNS provides services including business process outsourcing and data analytics to customers such as Coca-Cola, T-Mobile, and United Airlines. The deal is expected to be immediately accretive to Capgemini's revenue and operating margin.

Capgemini, a global business and technology transformation partner, has agreed to acquire technology outsourcing firm WNS in a $3.3 billion cash deal. The acquisition aims to capitalize on the growing demand for Generative AI and Agentic AI capabilities, which are key to digital transformation. The deal is expected to close by the end of 2025.

Capgemini will pay $76.50 per WNS share, representing a 17% premium to the last closing price, excluding WNS's financial debt. The transaction has been unanimously approved by both companies' boards of directors.

The acquisition will strengthen Capgemini's consulting service business, enabling it to guide enterprises in transforming their operations through AI and Agentic AI. WNS, a leading digital-led business transformation and services company, provides services including business process outsourcing and data analytics to clients such as Coca-Cola, T-Mobile, and United Airlines.

The deal is expected to be immediately accretive to Capgemini's revenue and operating margin. It is anticipated to increase its normalized earnings per share by 4% before synergies in 2026, and by 7% post-synergies in 2027. Capgemini's financial outlook for 2025 remains unchanged.

Capgemini's CEO, Aiman Ezzat, commented, "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."

Keshav R. Murugesh, CEO of WNS, added, "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."

References:
[1] https://telecom.economictimes.indiatimes.com/news/enterprise-services/capgemini-to-acquire-technology-outsourcing-firm-wns-in-3-3-billion-deal/122291654
[2] https://www.capgemini.com/cn-zh/news/capgemini-to-acquire-wns-to-create-a-global-leader-in-agentic-ai-powered-intelligent-operations/