Capgemini Finalizes $3.3 Billion Acquisition of WNS

Mumbai: Capgemini has completed its acquisition of WNS, a digital-led business transformation and services company, for $3.3 billion in cash, excluding net financial debt. The deal, first announced on July 7, 2025, establishes Capgemini as a global leader in Agentic AI-powered Intelligent Operations.

According to Capgemini, the acquisition combines its global reach, technology and AI capabilities, and transformation expertise with WNS’s industry knowledge and business process platforms. The integration aims to help clients modernize and automate their end-to-end business processes through Agentic AI.

“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, technology and AI leadership with WNS’s industry expertise and platforms, we’re uniquely positioned to help our clients reinvent their business processes end-to-end and lead in their market.”

Keshav R. Murugesh, CEO of WNS, said the merger marks “the next chapter” for the company, adding that the combined organization will focus on “intelligent, domain and industry-centric operations” enabled by hyper-automation and AI.

To finance the transaction, Capgemini issued €4.0 billion in bonds, which also refinanced existing debt and cancelled a bridge loan arranged for the acquisition. WNS will be consolidated into Capgemini’s financial statements from October 17, 2025.