Prime Highlights

• Capgemini announces $3.3 billion acquisition of WNS to expand AI-driven business operations.
• The move strengthens Capgemini’s global position in intelligent, agentic AI-powered services.

Key Facts

• WNS reported $1.27 billion in FY25 revenue with 18.7% operating margin.
• Deal expected to close by end of 2025, boosting Capgemini’s EPS by 4% in 2026.

Key Background

The leading provider of business process management services, WNS, has agreed to be acquired by Capgemini, a leader in consulting, digital transformation, and technology services, for an all-cash consideration of about $3.3 billion, the company announced today. A 17% premium over the recent stock price of WNS, $76.50 per share, will be the consideration for the deal. After being approved unanimously by the boards of both companies, the deal is expected to close in the fourth quarter of 2025, pending standard shareholder and regulatory approvals. With extensive industry experience, WNS is a highly disruptive digital company.

It has posted impressive financial performance with revenue of $1.27 billion for FY2025 at an operating margin of 18.7%. Having a history of more than three years of 9% CAGR revenue growth, WNS is a top business process management firm with substantial global clients from various industries. Some of the sectors served by WNS include healthcare, insurance, travel, banking, and manufacturing. The progress in AI and automation technology in recent years has further made WNS a force to be contended with in business transformation. Capgemini considers this acquisition a strategic step towards reinforcing its intelligent operations offerings using agentic AI, next-generation artificial intelligence that not only automates end-to-end business processes but makes better decisions as well.

With the integration of WNS capabilities, Capgemini also believes it will achieve revenue synergies of €100–140 million and cost synergies of €50–70 million per annum in 2027. Capgemini anticipates the deal to lift earnings per share by 4% in 2026 and 7% in 2027. The transaction underlines Capgemini’s long-term strategy to lead in the rapidly evolving field of AI-driven intelligent operations. With combined annual revenue of over €23 billion post-acquisition, the merger is set to create a new global powerhouse in intelligent operations and digital process transformation, especially enhancing Capgemini’s market presence in North America and across key industry verticals.