WNS holders overwhelmingly approve acquisition by Capgemini

WNS holders overwhelmingly approve acquisition by Capgemini

WNS (Holdings) Limited shareholders have unanimously approved Capgemini's acquisition of the company, marking a significant milestone in the $3.3 billion deal [1]. The approval comes after Capgemini and WNS reached a definitive agreement, with Capgemini set to purchase WNS shares at $76.50 per share, representing a 28% premium over WNS's 90-day average share price [1].

The acquisition is expected to close by the end of 2025, subject to customary closing conditions and regulatory approvals. The strategic consolidation aims to enhance Capgemini's revenue growth and operating margin, with projected earnings per share (EPS) accretion of 4% in 2026 and 7% by 2027, post-synergies [1].

Capgemini's CEO, Aiman Ezzat, emphasized the strategic importance of the acquisition, stating that business process services are set to become a critical showcase for Agentic AI. The deal will position Capgemini to lead in Intelligent Operations, blending deep industry and process expertise with advanced technology and AI capabilities [1].

WNS brings a robust Digital BPS portfolio, including horizontal and industry-specific services across key verticals such as BFSI, travel, utilities, and consumer goods. The company has demonstrated resilience, consistent growth, and high profitability, with revenues reaching $1.27 billion in FY2025 and an operating margin of 18.7% [1].

To finance the transaction, Capgemini has arranged €4 billion in bridge financing, covering the cash consideration and WNS’s net financial debt. This strategic investment reinforces Capgemini’s ambition to lead the next generation of digital and AI-driven enterprise solutions [1].

The approval of the acquisition by WNS shareholders signals a pivotal shift from traditional BPS models toward Agentic AI-powered Intelligent Operations, where autonomous systems can manage complex tasks and workflows with minimal human intervention. The move also significantly strengthens Capgemini’s presence in the U.S. market and expands its global footprint in digital operations [1].

References:
[1] https://cio.eletsonline.com/news/3-3-billion-acquisition-positions-capgemini-at-the-forefront-of-agentic-ai-services/74910/
[2] https://www.business-standard.com/companies/news/capgemini-seeks-cci-approval-to-acquire-singapore-based-cloud4c-firm-125082901234_1.html