TLDR: Capgemini has successfully completed its $3.3 billion acquisition of WNS, a digital business process services company. This strategic move aims to establish a global powerhouse in Agentic AI-powered Intelligent Operations, significantly enhancing Capgemini’s AI capabilities and transforming end-to-end business processes for clients. The transaction, finalized on October 17, 2025, positions the combined entity to capitalize on the growing demand for intelligent, hyper-automated solutions.
Paris, France – October 17, 2025 – Capgemini (Euronext Paris: CAP) today announced the successful completion of its acquisition of WNS (NYSE: WNS), a prominent digital-led business transformation and services company. This landmark transaction, valued at approximately $3.3 billion, marks a pivotal moment for both entities, creating a new global leader in Agentic AI-powered Intelligent Operations.
The acquisition, which saw Capgemini pay $76.50 per WNS share in cash, is designed to significantly expand Capgemini’s offerings in AI tools and transform business processes across various industries. The strategic rationale behind this merger is to capture and leverage clients’ increasing investments in Agentic AI to reinvent their end-to-end business processes.
Aiman Ezzat, CEO of Capgemini, emphasized the shared vision, stating, “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. We can now move forward in building together a global leader in Intelligent Operations. I am delighted to welcome WNS’ employees to the Group.”
Keshav R. Murugesh, CEO of WNS, echoed this sentiment, highlighting the transformative potential: “Our teams are looking forward to beginning this next chapter, joining forces with Capgemini to create a global powerhouse and build something truly transformative in the era of 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. Our shared values and culture will make for a seamless integration, enabling us to unlock exciting opportunities and long-term value for our clients, employees, partners, and communities.”
The definitive transaction agreement was initially announced on July 7, 2025. To finance this substantial acquisition, Capgemini successfully priced €4.0 billion in bonds in September 2025, which also served to refinance existing financial debt and for general corporate purposes. This bond issuance led to the cancellation of a previously arranged bridge loan. WNS will be fully consolidated into Capgemini’s financial statements starting today, October 17, 2025.
WNS, as of June 30, 2025, employed 66,085 professionals across 65 delivery centers worldwide, offering a wide range of solutions including industry-specific offerings, customer experience services, finance and accounting, human resources, procurement, and research and analytics. Capgemini, a global leader in consulting, technology services, and digital transformation, operates in over 50 countries with 350,000 employees and reported global revenues of €22.1 billion in 2024.
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This acquisition is expected to generate significant synergies, with projected revenue synergies between €100–140 million and an annual pretax run rate for cost and operating model synergies of between €50–70 million by the end of 2027. The integration of WNS’s deep domain expertise and platforms with Capgemini’s extensive technology and AI leadership is set to redefine the landscape of intelligent operations.
