Capgemini, a leading global provider of consulting, technology and outsourcing services, announced the acquisition for US$ 4.04 billion of Igate, a technology and services company based in New Jersey (USA).
With the purchase, Capgemini will surpass the 190,000-employee milestone and achieve combined revenues estimated at US$ 12.5 billion in 2015.
Expanding its presence in North America, the largest and most innovative technology and services market in the world, is one of the Group's main strategic goals. "Igate is a leading company, which fits perfectly with our strategy. With it, we will reach a new level in the North American market and advance on the journey towards industrialization, to offer even more competitive services to customers. It will also bring a new dimension to our Indian operations, allowing us to compete with leading companies based in the US and India,” says Capgemini President and CEO Paul Hermelin.
The merger is subject to normal closing conditions, including regulatory approval. Completion of the transaction is scheduled for the second half of 2015.
With the purchase, Capgemini will surpass the 190,000-employee milestone and achieve combined revenues estimated at US$ 12.5 billion in 2015.
Expanding its presence in North America, the largest and most innovative technology and services market in the world, is one of the Group's main strategic goals. "Igate is a leading company, which fits perfectly with our strategy. With it, we will reach a new level in the North American market and advance on the journey towards industrialization, to offer even more competitive services to customers. It will also bring a new dimension to our Indian operations, allowing us to compete with leading companies based in the US and India,” says Capgemini President and CEO Paul Hermelin.
The merger is subject to normal closing conditions, including regulatory approval. Completion of the transaction is scheduled for the second half of 2015.
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