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Capgemini to snap up WNS for $3.3 billion to leverage agentic AI boom

Capgemini, a French business and technology transformation player, and WNS, a business transformation and services firm, have entered into a definitive transaction agreement. Accordingly, Capgemini will acquire WNS for a total cash consideration of $3.3 billion.
Capgemini has said that it will acquire US-listed WNS for a “cash consideration of $76.50 per WNS share, which represents a premium of 28 per cent to the last 90-day average share price of 27 per cent to the last 30-day average share price and a premium of 17 per cent to the last closing share price on July 3, 2025”.
According to a media statement from Capgemini, the total cash consideration would amount to $3.3 billion, excluding WNS’ net financial debt. The transaction will be accretive to Capgemini’s normalised EPS by 4 per cent before synergies in 2026 and 7 per cent post-synergies in 2027. The transaction has been unanimously approved by both Capgemini’s and WNS’ boards of directors and is expected to close by the end of the year.
“Capgemini’s acquisition of WNS will provide the group with the scale and vertical sector expertise to capture that rapidly-emerging strategic opportunity created by the paradigm shift from traditional BPS (business process services) to agentic AI-powered intelligent operations,” Capgemini CEO Aiman Ezzat has said.
WNS CEO Keshav R Murugesh has said: “As a recognised leader in the digital business process services space, we see the next wave of transformation being driven by intelligent, domain-centric operations that unlock strategic value for our clients. Organisations that have already digitised are now seeking to re-imagine their operating models by embedding AI at the core, shifting from automation to autonomy.”

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