Capgemini completes $3.3 billion acquisition of WNS

Capgemini completed its acquisition of WNS (NYSE: WNS) for $3.3 billion, the companies announced October 17. The French consulting and technology services company paid $76.50 per share in cash for the business process services provider.

The transaction creates what Capgemini describes as a global leader in AI-powered intelligent operations. WNS specializes in digital business transformation and operates in the business process services market.

"Capgemini and WNS share a common vision of the potential of agentic AI to transform our clients' business operations," said Aiman Ezzat, CEO of Capgemini. "By combining Capgemini's global reach, strategy and transformation capabilities, technology and AI leadership with WNS's industry expertise and platforms, we're uniquely positioned to help our clients reinvent their business processes end-to-end."

Keshav R. Murugesh, CEO of WNS, said the combined entity aims to build capabilities in generative and agentic AI. "The next wave of transformation will be driven by intelligent, domain and industry-centric operations, delivering efficiency and agility through hyper-automation for superior business outcomes," he stated.

The companies first announced the definitive transaction agreement on July 7, 2025. Capgemini issued €4.0 billion in bonds in September to finance the acquisition and refinance existing debt. The bond issuance allowed the company to cancel a bridge loan arranged for the transaction.

WNS will be consolidated into Capgemini's financial statements starting October 17, 2025. The acquisition excludes WNS's net financial debt, which the companies said was negligible as of March 31, 2025.

Capgemini operates in more than 50 countries with 350,000 employees and reported global revenues of €22.1 billion in 2024.

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