The global consulting and technology group said on Monday that it is offering $76.5 per WNS share, which translates into a 17% premium to the stock’s closing price on Thursday, July 3, in New York. The price is a 27% premium to the 30-day average.
The deal will be immediately accretive to the group’s revenue growth and operating margin and is set to boost its normalized earnings per share by 4% in 2026 and by 7% in 2027 after synergies, Capgemini said in a statement.
Capgemini forecasts between 100 million and 140 million euros ($117.8-164.9 million) in revenue synergies and sees an annual pretax run rate for cost and operating model synergies of between 50 million and 70 million euros by the end of 2027.
The deal has been okayed by the boards of both companies and is set to close by the year-end, subject to approvals, it added.
“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 (business process services) to Agentic AI-powered Intelligent Operations,” Capgemini chief executive Aiman Ezzat said.
WNS provides services including business process outsourcing and data analytics. For fiscal 2025, it reported $1.27 billion in revenue, with an 18.7% operating margin. Its revenue has grown by around 9% at constant currency on average over the last three fiscal years.
“We see the next wave of transformation being driven by intelligent, domain-centric operations that unlock strategic value for our clients. Organizations that have already digitized are now seeking to reimagine their operating models by embedding AI at the core—shifting from automation to autonomy,” said Keshav R Murugesh, chief executive officer of WNS.
“By combining our deep domain and process expertise with Capgemini’s global reach, cutting-edge Gen AI and Agentic AI capabilities, a robust partner ecosystem, and advanced technology platforms, we are creating a powerful proposition that accelerates enterprise reinvention. WNS’ complementary portfolio of horizontal and industry-specific solutions will significantly enhance Capgemini’s rapidly growing Business Services footprint, enabling next-generation, data-driven operations across sectors,” he added.
