Capgemini has announced the acquisition of notable business transformation and services company WNS. The agreement to acquire WNS has been finalised for a total cash consideration of $76.50 per share, representing a 28% premium over WNS’s 90-day average share price, 27% over the 30-day average, and 17% over the closing price on July 3, 2025. The deal values WNS at approximately $3.3 billion, excluding net financial debt. The acquisition is expected to be accretive to Capgemini’s normalized earnings per share (EPS) by 4% in 2026(before synergies) and by 7% in 2027 (post-synergies). The transaction has received unanimous approval from the Boards of Directors of both Capgemini and WNS.
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“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,” said. Aiman Ezzat, Chief Executive Officer of Capgemini.
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WNS will bring to Capgemini its high-growth, margin-accretive Digital Business Process Services portfolio strengthening the Group’s position in the fast-evolving Intelligent Operations space and expanding its footprint in the US market. The integration is expected to unlock immediate cross-selling opportunities, thanks to the two companies’ complementary offerings and client bases. Capgemini leadership expressed confidence in the strategic fit, stating they look forward to welcoming the global WNS team into the fold.
“As a recognized leader in the Digital Business Process Services space, we see the next wave of transformation being driven by intelligent, domain-centric operations that unlock strategic value for our clients. Organizations that have already digitized are now seeking to reimagine their operating models by embedding AI at the core shifting from automation to autonomy,” said Keshav R Murugesh, Chief Executive Officer of WNS.
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He further stated: “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. WNS’ complementary portfolio of horizontal and industry-specific solutions will significantly enhance Capgemini’s rapidly growing Business Services footprint, enabling next-generation, data-driven operations across sectors. Just as importantly, our shared values, cultural alignment, and complementary client relationships ensure a seamless integration unlocking exciting opportunities for innovation, co-creation, and growth across all stakeholder groups.”
