Capgemini Boosts AI Capabilities with $3.3B Acquisition of WNS
Capgemini, a leading French IT services giant, has announced a $3.3 billion all-cash acquisition of business process outsourcing firm WNS Holdings. This marks one of the largest deals in the AI services sector this year. The transaction, valued at $76.50 per WNS share, represents a 17% premium to the company’s closing price on July 3rd.
The acquisition is set to create a global leader in “Agentic AI-powered Intelligent Operations”, combining Capgemini’s technology expertise with WNS’s deep domain knowledge across industries. WNS serves over 600 clients globally, including major brands like United Airlines, Coca-Cola, and T-Mobile, and generated $1.27 billion in revenue for fiscal 2025 with an 18.7% operating margin.
Capgemini expects the deal to be immediately accretive, boosting normalized earnings per share by 4% in 2026 and 7% by 2027 post-synergies. The company has secured €4.0 billion in bridge financing to complete the transaction, which is expected to close by year-end pending regulatory approvals. Despite the strategic rationale, Capgemini shares fell 5% following the announcement as investors questioned the premium valuation.
For more details, visit the official press release.