Viewpoint
Capgemini Announces the Acquisition of WNS: a Sign of Renewed BPS Positioning in an AI-first World
$1,099
Purchase
After months of speculation, Capgemini announced that it has entered into an agreement to
acquire WNS for US$3.3 billion. Under the definitive transaction agreement, Capgemini will pay
$76.50 per share, representing a 17% premium over WNS’s closing share price on Friday, July
4, 2025.
This Everest Group viewpoint highlights the key positives of the Capgemini–WNS combination,
particularly in terms of complementarity across industry verticals, geographies, and service
offerings, as well as enhanced business scalability. These benefits are expected to bolster the
combined entity’s competitive positioning against other leading broad-based IT-BPS providers.
The analysis also sheds light on potential challenges beyond integration, including timing,
cultural alignment, and value premium justification. Finally, it explores the implications for
enterprise clients, both existing and prospective, as well as the broader impact on the IT-BPS
industry.
This report is available to members.