French business and technology transformation company Capgemini announced on Monday, July 7, 2025, that it will buy business transformation and services firm WNS for approximately $3.3 billion. The acquisition has been unanimously approved by the boards of directors of both companies and the deal is expected to be completed by the end of the year.
According to Capgemini, it will pay $76.50 per share in cash for one share of WNS listed in the US. The amount is 28% higher than the average share price of the last 90 days, while it represents a premium of 27% over the average share price of the last 30 days and 17% over the closing price of July 3, 2025.
Capgemini said in its media statement that the total cash payment excluding the net financial liability of WNS will be $3.3 billion. The company also said that this acquisition will increase Capgemini’s normalized EPS by 4% by 2026, while after synergies this figure will reach 7% in 2027.
Capgemini CEO Aiman Ezzat said, “The acquisition of WNS will give us the scale and sector expertise that will enable us to move beyond traditional BPS to agentic AI-powered intelligent operations.”
At the same time, WNS CEO Keshav R. Murugesh said, “We are already a strong leader in the field of digital business process services. Now the next change will come from intelligent and domain-centric operations, which will further enhance the strategic value for customers. Today, when companies have already gone digital, they now want to move from automation to autonomy by placing AI at the core of their operating models.” The boards of both Capgemini and WNS have fully approved the deal and it is expected to be completed by the end of the year.