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vincent.biraud@capgemini.com




Capgemini completes the acquisition of WNS and creates
a global leader in Agentic AI-powered Intelligent Operations


Paris, October 17, 2025 – Capgemini (Euronext Paris: CAP) today announced that it has
completed the acquisition of WNS (NYSE: WNS), a digital-led business transformation and
services company and leader in the Digital BPS (Business Process Services) market. With the
closing of this transaction, Capgemini creates a global leader in Intelligent Operations to capture
clients’ investment in Agentic AI to transform their end-to-end business processes.


“Capgemini and WNS share a common vision of the potential of agentic AI to transform our clients’ business
operations,” comments 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. We can now move forward in building together a global leader in Intelligent Operations. I am
delighted to welcome WNS’ employees to the Group.”


“Our teams are looking forward to beginning this next chapter, joining forces with Capgemini to create a
global powerhouse and build something truly transformative in the era of generative and agentic AI,” said
Keshav R. Murugesh, CEO of WNS. “The next wave of transformation will be driven by intelligent, domain
and industry-centric operations, delivering efficiency and agility through hyper-automation for superior
business outcomes. Our shared values and culture will make for a seamless integration, enabling us to unlock
exciting opportunities and long-term value for our clients, employees, partners, and communities.”


On July 7, 2025, Capgemini and WNS announced that they had entered into a definitive transaction
agreement, pursuant to which Capgemini acquired WNS to create a global leader in Agentic AI-powered
Intelligent Operations for a cash consideration of 76.50 USD per WNS share. The total cash consideration
amounts to $3.3 billion, excluding WNS’ net financial debt1. On September 18, 2025, Capgemini announced
that it has successfully priced a total of €4.0 billion bonds to finance this transaction, refinance its financial
debt, and for general corporate purposes of the Group. As a result of this bond issuance, the bridge loan
signed in the context of the acquisition was cancelled. WNS will be consolidated into Capgemini’s financial
statements as of October 17, 2025.



About Capgemini
Capgemini is a global business and technology transformation partner, helping organizations to accelerate
their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and
society. It is a responsible and diverse group of 350,000 team members in more than 50 countries. With its
strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address
the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths

1
Net financial debt of WNS was negligible as at March 31, 2025.




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from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI,
cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024
global revenues of €22.1 billion.

Get the Future You Want | www.capgemini.com




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