French consulting and technology group Capgemini said that it has officially completed its acquisition of WNS, a digital-led business transformation and services firm, marking a major consolidation in the Business Process Services (BPS) industry.
With the closing of the deal, Capgemini positions itself as a global frontrunner in “Intelligent Operations,” aiming to capture accelerating client investments in agentic AI to transform end-to-end business processes. WNS will be consolidated into Capgemini’s financial statements as of today.
“Capgemini and WNS share a common vision of the potential of agentic AI to transform our clients’ business operations. 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 and lead in their market. … I am delighted to welcome WNS’ employees to the Group,” said Capgemini Group CEO Aiman.
On the WNS side, CEO Keshav R. Murugesh expressed optimism about the integration: “Our teams are looking forward to beginning this next chapter, joining forces with Capgemini to create a global powerhouse … 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. … Our shared values and culture will make for a seamless integration … and unlock exciting opportunities and long-term value for our clients, employees, partners, and communities.”
The acquisition traces back to 7 July 2025, when Capgemini and WNS entered into a definitive agreement under which Capgemini would acquire WNS at USD 76.50 per share, totaling approximately USD 3.3 billion (excluding WNS’s net financial debt). Following shareholder approval in early September and regulatory clearances, Capgemini financed the deal via a EUR 4.0 billion bond issuance that also refinanced legacy debt and eliminated the need for a bridge loan. |
