Capgemini SE said it will acquire WNS (Holdings) Ltd. for $3.3 billion in cash, or $76.50 a share, a 17 percent premium to the outsourcing firm’s last closing price on 3 July. The price excludes WNS’s net financial debt and has been unanimously approved by the boards of both companies. The French IT-services group said the purchase will broaden its business-process services portfolio and accelerate its push into generative and agentic artificial intelligence. Capgemini expects the deal to be immediately accretive to revenue growth and operating margin and to lift normalised earnings per share by about 4 percent in 2026 and 7 percent after full synergies in 2027. Management is targeting €100 million to €140 million in revenue synergies and €50 million to €70 million in annual pre-tax cost savings by the end of 2027. Investors reacted coolly, sending Capgemini’s shares down roughly 5 percent in Paris trading amid concerns that rising automation could disrupt the human-intensive business-process-outsourcing market the company is entering. Capgemini plans to fund the transaction with about €1 billion in existing cash and bridge financing, and aims to close the acquisition by year-end 2025, pending regulatory and shareholder approvals. Mumbai-founded and New York–listed WNS employs about 65,000 staff and generated $1.3 billion in revenue and $170 million in profit in the fiscal year ended March 2025. It serves more than 600 clients across sectors including airlines, consumer goods and telecoms. Capgemini Chief Executive Aiman Ezzat said the combination would create a global leader in “intelligent operations,” offering clients end-to-end process transformation underpinned by AI technologies.