Capgemini Acquisitions Overview: Key Deals and Benefits

Capgemini has made several significant acquisitions over the years, expanding its capabilities and services.

One notable acquisition was Sogeti, a French IT consulting firm, which Capgemini acquired in 2012 for €1.2 billion.

Capgemini's acquisition of iGate in 2015 marked a major expansion into the US market.

The acquisition of iGate added over 30,000 employees to Capgemini's workforce, significantly increasing its global presence.

Capgemini's acquisition of Altran, a French engineering consulting firm, in 2021 brought in expertise in digital transformation and innovation.

The acquisition of Altran has helped Capgemini strengthen its position in the engineering and R&D services market.

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The combination of Capgemini and WNS will immediately unlock cross-selling opportunities, creating a powerful synergy that will drive growth and innovation.

By joining forces, Capgemini and WNS will have a combined revenue of €23.3 billion at a 13.6% operating margin in 2024, making them a formidable player in the market.

This deal is expected to bring accretion to normalized EPS, before synergies, of 4% in 2026, a significant boost to the bottom line.

The revenue synergies from this combination are estimated to reach a run-rate of €100 million to €140 million by the end of 2027, a testament to the potential for growth and expansion.

With the benefits of these synergies, the accretion on normalized earnings per share is expected to reach 7% in 2027, a clear indication of the value that this combination will bring.

The scale and capabilities required to lead in Intelligent Operations will be unmatched, with Capgemini and WNS providing a unique set of capabilities from Strategy & Transformation consulting to horizontal and sector expertise.

This combination will also leverage the significant investments made by Capgemini in AI, including its 25 strategic partnerships with major players like Microsoft and Google.

The Group's leadership in AI is already recognized by clients, with over €900 million of Gen AI bookings in 2024, and by market analysts like Forrester, IDC, and ISG.

Capgemini has made several strategic acquisitions to expand its capabilities and offerings.

One of its notable acquisitions was IGATE, a US-based IT services company, in 2015.

Capgemini acquired IGATE for $4.9 billion, significantly expanding its presence in the US market.

This acquisition helped Capgemini to enhance its digital transformation capabilities and strengthen its position in the global market.

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Capgemini boosts its semiconductor capabilities in Europe with the acquisition of HDL Design House.

Founded in 2001, HDL Design House is a leading independent provider of silicon design and verification services in Europe.

The company comprises approximately 300 highly skilled engineers with substantial experience in delivering advanced custom chip designs for multiple industries.

Its clients are highly complementary to Capgemini's and include major players in the semiconductor industry as well as leading Original Equipment Manufacturers (OEMs).

The acquisition extends Capgemini's global silicon engineering capabilities, which are already among the world's largest.

It reinforces silicon services as a key enabler of the intelligent industry revolution where the Group is a leader.

The transaction closed on September 27, 2023.

As a strategic business and technology transformation partner, Capgemini enables the convergence of products, software, data, and services for industry leaders.

Silicon engineering services are a central piece of that combining the Group's expertise in digital technologies while delivering business outcomes.

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Capgemini completed the acquisition of US-based IGATE Corporation. This marked a significant milestone in Capgemini's history, according to Paul Hermelin, Chairman and CEO of Capgemini.

IGATE Corporation became the indirect wholly owned subsidiary of Capgemini. The acquisition was made pursuant to the terms of the Merger Agreement announced on April 27, 2015.

Each issued and outstanding share of IGATE Corporation common stock was converted into the right to receive $48.00 in cash, without interest. This resulted in the cessation of trading for IGATE Corporation shares, which were delisted from the NASDAQ Global Select Market.

The acquisition added 31,000 people to Capgemini, further establishing North America as Capgemini's largest market in revenues.

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Capgemini has a track record of successful integrations, which will help facilitate a smooth integration of the teams with WNS.

The integration will be straightforward into Capgemini's Global Business Services activities, thanks to their shared values and cultural fit.

A bridge financing of €4.0 billion has been secured by Capgemini, covering the purchase of securities, gross debt, and similar obligations.

This financing will be used to cover the purchase price of WNS, and the Group plans to refinance the bridge with available cash for around €1.0 billion.

In a merger like this, cultural fit is key to a smooth integration. WNS and Capgemini share common values that will help their teams come together seamlessly.

The companies' shared values will be a major factor in the integration process. This will make it easier for employees to adapt to their new roles and responsibilities.

Capgemini has a proven track record of successful integrations, which will be a huge asset in this process. This experience will help them navigate any challenges that arise.

The integration will be straightforward into Capgemini's Global Business Services activities.

Capgemini has secured a significant bridge financing of €4.0 billion to cover the purchase of securities and gross debt obligations.

This financing package includes the purchase of securities worth $3.3 billion, as well as gross debt and similar obligations of around $0.4 billion.

A portion of the €0.8 billion Capgemini bond redeemed in June 2025 is also being covered by this financing.

The Group plans to use available cash to refinance around €1.0 billion of the bridge financing, with the remaining balance to be covered by debt issuance.

Capgemini's acquisitions have significantly expanded its capabilities and offerings.

One key takeaway is that the company has made strategic investments in emerging technologies such as AI, blockchain, and cloud computing.

These investments have enabled Capgemini to improve its digital transformation services and enhance its ability to deliver innovative solutions to clients.

Capgemini's acquisition of Altran in 2020 has been particularly notable, as it has strengthened the company's position in the engineering and R&D services market.

This acquisition has also provided Capgemini with access to Altran's expertise in areas such as artificial intelligence, data analytics, and cybersecurity.

The acquisition of Sogeti in 2012 was another significant move, as it expanded Capgemini's presence in the IT services market and enhanced its ability to deliver high-end IT consulting services.

Sogeti's expertise in areas such as SAP and Oracle implementation has been particularly valuable to Capgemini.

Capgemini's acquisitions have also enabled the company to expand its geographic presence, with a significant presence in emerging markets such as India and China.

This expansion has provided Capgemini with access to new talent and markets, and has helped the company to stay competitive in a rapidly changing business environment.

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