“The fastest way to expand the existing business is by acquiring another company. And it appears that Europe’s biggest IT services company Capgemini is likely to acquire NASDAQ-listed Igate, which was founded by Sunil Wadhwani and Ashok Trivedi. This was revealed by multiple sources in a Times of India (TOI) report. Peter Bendor Samuel, CEO of Everest Group, said Igate would make an excellent acquisition for Capgemini. They are the right size to absorb, not too small so it does not move the dial, but not so big that they will struggle. Igate will be accretive to margins. Capgemini has a large net operating loss in the US from their failed acquisition of EY’s consulting practice, and the large Igate US presence will allow them to use it, he said.” Read More.
