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Capgemini to buy WNS for $3.3 billion to lead in Agentic AI
The boards of both firms unanimously approved the transaction, which excludes WNS’s net debt and is expected to close by the end of 2025, subject to regulatory and shareholder approvals
French technology company Capgemini has signed a definitive agreement to acquire business process services firm WNS for $3.3 billion in cash, positioning itself as a global leader in agentic AI-powered intelligent operations.
The firm will pay $76.50 per share, a 17% premium to WNS’s closing price on 3 July.
The boards of both companies have unanimously approved the transaction, which excludes WNS’s net debt and is expected to close by the end of 2025, subject to regulatory and shareholder approvals.
The acquisition is a strategic move to tap into the growing demand for autonomous, AI-driven enterprise operations, combining WNS’s industry expertise and digital-led BPS offerings with Capgemini’s consulting and technology platforms.
Capgemini said the deal will be accretive to its earnings by 4% in 2026 and 7% in 2027 after full synergies are realized, with expected annual revenue synergies of €100–140 million and cost synergies of €50–70 million by 2027.
WNS’s client base across industries such as travel, utilities, and insurance is expected to strengthen Capgemini’s US presence and create new cross-selling opportunities.
Capgemini CEO Aiman Ezzat said the shift from traditional BPS to agentic AI-powered intelligent operations represents a paradigm change, and the combined scale and expertise will help capture this emerging opportunity.
WNS CEO Keshav R Murugesh said the partnership will embed AI deeper into operating models and accelerate innovation across industries.



