Capgemini acquires WNS for $3.3 billion to enhance AI capabilities and expand US market access, boosting revenue and earnings by 2027.
French technology and consulting firm Capgemini has announced a $3.3 billion agreement to acquire WNS Holdings Ltd., a US-listed business process management company. The deal, confirmed in an official statement, aims to strengthen Capgemini’s artificial intelligence capabilities while expanding its presence in the American market.
The proposed acquisition values WNS at $76.50 per share, reflecting a 17% premium over its closing price prior to the announcement. This valuation excludes WNS’s existing financial liabilities.
Capgemini projects the transaction will enhance its normalized earnings per share by approximately 4% in 2026, increasing to 7% by 2027 following full operational integration. The company anticipates generating between €100 million and €140 million in additional annual revenue through synergies by the end of 2027.
Further financial benefits include expected cost and operational synergies ranging from €50 million to €70 million annually before taxes, also projected by 2027.
“This acquisition positions Capgemini to capitalize on the strategic shift from conventional business process services to AI-driven intelligent operations,” stated Aiman Ezzat, Capgemini’s Chief Executive Officer. “The combination of our complementary services and client bases will create immediate cross-selling opportunities.”
WNS operates globally with approximately 65,000 employees across 64 delivery centers as of March. Its client portfolio includes prominent corporations such as Coca-Cola, T-Mobile, and United Airlines.
The transaction has received unanimous approval from both companies’ boards and is expected to conclude by year-end, pending shareholder and regulatory approvals. Following the announcement, Capgemini’s shares experienced a 3.5% decline in early trading.
