Capgemini Completes Acquisition of WNS, Creating a Global Leader in Agentic AI-Powered Intelligent Operations
Capgemini (Euronext Paris: CAP) today announced the completion of its acquisition of WNS (NYSE: WNS), a leading digital-led business transformation and services company in the Digital Business Process Services (BPS) market. The strategic acquisition establishes Capgemini as a global leader in Intelligent Operations, positioned to help clients harness Agentic AI to transform and optimize their end-to-end business processes.
> “Capgemini and WNS share a common vision of the potential of agentic AI to transform our clients’ business operations,” said Aiman Ezzat, CEO of Capgemini. “By combining Capgemini’s global reach, strategy and transformation capabilities, and leadership in technology and AI with WNS’s industry expertise and digital platforms, we are uniquely positioned to help our clients reinvent their operations and lead in their markets. I am delighted to welcome WNS’ employees to the Group as we build a global leader in Intelligent Operations.”
Keshav R. Murugesh, CEO of WNS, commented:
> “Our teams are excited to begin this next chapter with Capgemini, creating a global powerhouse in the era of generative and agentic AI. The next wave of transformation will be driven by intelligent, industry-centric operations that leverage hyper-automation to deliver agility and superior business outcomes. Our shared values and culture will enable a seamless integration, unlocking new opportunities and long-term value for our clients, employees, and partners.”
The acquisition, initially announced on July 7, 2025, was completed for a cash consideration of USD 76.50 per share, representing a total transaction value of approximately USD 3.3 billion, excluding WNS’s net financial debt. On September 18, 2025, Capgemini successfully priced €4.0 billion in bonds to finance the acquisition, refinance existing debt, and support general corporate purposes. Following the completion of the transaction, WNS will be consolidated into Capgemini’s financial statements as of October 2025.
This landmark acquisition reinforces Capgemini’s leadership in combining AI-driven innovation with deep industry expertise, creating a comprehensive portfolio of services that empower organizations to achieve operational excellence and business transformation at scale.