Capgemini Acquires Outsourcing Firm WNS for $3.3 Billion

Capgemini is taking a bold step in the tech world with its $3.3 billion all-cash acquisition of WNS, a well-known outsourcing and business transformation company. The French technology leader is offering $76.50 per WNS share, which is 17% higher than the closing price on July 3 and 28% above the 90-day average. Both companies’ boards have given their unanimous approval, and the deal is set to close by the end of 2025, provided it clears regulatory and shareholder hurdles.

This isn’t just a big financial move—it’s a strategic leap aimed at accelerating Capgemini’s ambitions in AI-driven business services. WNS brings significant strengths to the table, including $1.27 billion in annual revenue, an 18.7% operating margin, and a strong presence in the U.S. market, serving more than 600 clients across 13 countries. By combining forces, Capgemini expects to solidify its leadership in intelligent operations, with the merged entity’s revenue for 2024 estimated at €23.3 billion and an operating margin of 13.6%.

The financial outlook is equally ambitious. Capgemini anticipates annual revenue synergies of €100–140 million and cost synergies of €50–70 million by 2027. The acquisition is projected to lift normalized earnings per share by 4% in 2026, before synergies, and by 7% in 2027 once synergies are fully realized. The company has also reaffirmed its 2025 financial guidance, expecting the acquisition to immediately boost both revenue and operating margin.

At the heart of this deal is Capgemini’s vision to move beyond traditional business process services and lead the shift toward agentic, AI-powered intelligent operations. CEO Aiman Ezzat called the acquisition a “paradigm shift,” explaining that Capgemini now has the scale and sector expertise to seize new opportunities as businesses move from automation to autonomy. WNS CEO Keshav Murugesh echoed this optimism, pointing to the potential for delivering more advanced, autonomous solutions to clients around the world.

This acquisition is set to reshape the competitive landscape, giving Capgemini a broader U.S. footprint and deeper expertise across key industries. Clients can look forward to next-generation AI-powered services designed for hyper-automation and greater operational agility. As the industry watches, Capgemini and WNS are gearing up to set a new standard for intelligent business transformation, using their combined strengths to unlock fresh value in a rapidly evolving digital economy.