Capgemini
Acquisitions
4
Major Deals Covered
$21.9B
Disclosed Deal Value
Capgemini's largest disclosed acquisition here is Ernst & Young Consulting for $11B in 2000. This page covers 4 major deals from 2000 to 2025, each with its price where disclosed and the reason behind it.
| Company | Year | Price | Purpose |
|---|---|---|---|
| WNS | 2025 | $3.3B | Cash acquisition at $76.50 per share of the NYSE-listed digital business process services company. |
| Altran Technologies | 2020 | $3.6B | Acquired the French engineering and R&D services group for about $4.07 billion (€3.6 billion) in equity value (about $5.65 billion (€5.0 billion) enterprise value). |
| iGate Corporation | 2015 | $4.0B | Acquired US-based IT services firm with extensive offshore operations in India. |
| Ernst & Young Consulting | 2000 | $11.0B | Acquired global management consulting business of Big Four accounting firm EY. |
2025
$3.3B
Cash acquisition at $76.50 per share of the NYSE-listed digital business process services company.
Added more than 60,000 staff and created Capgemini's Intelligent Business Operations line focused on agentic AI-powered operations.
Completed October 17, 2025.
2020
$3.6B
Acquired the French engineering and R&D services group for about $4.07 billion (€3.6 billion) in equity value (about $5.65 billion (€5.0 billion) enterprise value).
Added roughly 50,000 engineers and created Capgemini Engineering.
Core operational division as Capgemini Engineering.
2015
$4.0B
Acquired US-based IT services firm with extensive offshore operations in India.
Massively expanded Capgemini's North American presence and Indian delivery capacity.
Integrated delivery centers.
2000
$11.0B
Acquired global management consulting business of Big Four accounting firm EY.
Established Capgemini as a premier global management consulting leader in the Americas.
Merged into Cap Gemini Ernst & Young; later folded into Capgemini's consulting operations.
Capgemini grows through a mix of organic AI-led demand and sizeable acquisitions. Recent deals include Altran (2020, about $4.07 billion (€3.6 billion) equity value), Syniti (2024, SAP data migration), WNS (2025, $3.3 billion cash, business process services) and Cloud4C (2025, managed cloud). It is repositioning from IT services provider to 'business transformation partner', selling agentic AI implementations, technology-debt modernisation and outsourced operations, while expanding sovereign cloud partnerships with AWS, Google and Microsoft in Europe.
Capgemini earns fees for people and outcomes rather than selling software licences. Clients pay through time-and-materials contracts, fixed-price projects and multi-year managed-services agreements. Strategy & Transformation (8% of 2025 revenue) covers Capgemini Invent's consulting work. Applications & Technology (63%) covers cloud, data and AI, ERP and custom software. Operations & Engineering (29%) combines Capgemini Engineering (formerly Altran), infrastructure and cloud services, and digital business process services, a line expanded by the WNS deal. Two-thirds of staff (279,200 at end-2025) work in offshore centres, mainly India, which keeps delivery costs lower than onshore billing rates.
In April 2020, Capgemini completed the acquisition of French engineering services giant Altran Technologies for ~$4.07 billion (3.6 billion euros) (enterprise value of ~$5.65 billion (5.0 billion euros)), adding 50,000 engineers and creating the world's leading Intelligent Industry engineering firm.
In 2000 Capgemini bought Ernst & Young's consulting business for about $11 billion in stock, forming Cap Gemini Ernst & Young and greatly expanding its North American consulting presence just before the dot-com crash.
In July 2015, Capgemini acquired US-based, India-centric technology services company IGATE for $4.0 billion in cash, adding 31,000 employees, strengthening North American banking and healthcare client relationships, and accelerating Capgemini's offshore delivery scale.
In August 2024, Capgemini entered into an agreement to acquire Syniti, a US-headquartered enterprise data management and migration software firm, to bolster Capgemini's global capabilities in complex SAP data migrations and enterprise AI data readiness.
Capgemini acquired premier digital design, product strategy, and creative agencies including Fahrenheit 212 in 2016, Idean in 2017, LiquidHub in 2018, and frog design (via the Altran acquisition in 2020), integrating them into Capgemini Invent.
In 2006, Capgemini acquired Kanbay International for $1.25 billion, gaining 6,900 financial services IT specialists primarily in Pune and Hyderabad, which served as the major catalyst for expanding Capgemini's delivery footprint in India.
In 2025 Capgemini completed the $3.3 billion acquisition of WNS (business process services) and acquired Cloud4C (managed cloud services). It invested ~$4.29 billion (€3.8 billion) in acquisitions during the year.
Capgemini evaluates acquisition targets based on strategic fit in high-growth digital domains (cloud, AI, cybersecurity, intelligent industry), geographic expansion in North America and Asia-Pacific, cultural alignment, and rapid EPS accretion.
To massively scale its operations, Capgemini acquired the US-based IGATE for $4 billion in 2015 to aggressively expand in India, and later bought the French engineering giant Altran for €3.6 billion to dominate industrial R&D.
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