Capgemini (Euronext Paris: CAP) and WNS (NYSE: WNS) announced today a definitive agreement under which Capgemini will acquire WNS in a $3.3 billion all-cash deal, aiming to create a leader in AI-powered intelligent operations.
Under the terms of the agreement, Capgemini will pay $76.50 per WNS share, representing a 28% premium over the 90-day average share price, 27% over the 30-day average, and 17% over WNS’ closing price on July 3, 2025. Both companies’ boards have unanimously approved the transaction.
The deal is expected to be accretive to Capgemini’s normalized earnings per share (EPS) by 4% in 2026 and 7% by 2027, post-synergies.
Capgemini CEO Aiman Ezzat highlighted the strategic significance of the acquisition, stating:
“Together we will create a leader in Intelligent Operations, uniquely positioned to support organizations in their AI-powered business process transformation. This addresses the growing demand for Agentic AI-driven process transformation to deliver efficiency, agility, and superior business outcomes.”
WNS, known for its high-growth, high-margin digital business process services, brings vertical sector expertise, strong U.S. market exposure, and immediate cross-selling opportunities to Capgemini.
Ezzat added that the combination of Capgemini’s consulting, technology, and platforms with WNS’ deep process and industry knowledge will enable clients to accelerate the shift from traditional business process services (BPS) to Agentic AI-powered intelligent operations.
The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the coming months.
