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Capgemini to Acquire Altran for €3.6 Billion

News Desk by News Desk
June 25, 2019
Reading Time: 3 mins read
Capgemini acquires altran
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Capgemini and engineering consulting firm Altran singed an agreement for exclusive negotiations whereby Capgemini is to acquire Altran at €14.00 per Altran share via cash, with a total cash value €3.6 billion. The completion of this combination is expected by the end of 2019.

Capgemini’s acquisition of Altran will create a group with revenues of €17 billion and approx more than 250,000 workers. Through its enhanced scale and broad services portfolio, the combined group will benefit from increased access to key decision-makers from key accounts in dynamic industries (such as Aerospace, Automotive, Life Sciences and Telecommunications) including R&D, manufacturing and supply chain CxOs.

Over the medium-term, Engineering and R&D (ER&D) services are anticipated to rise by approx 9% annually. The new entity will be the world’s top player in ER&D by size (notably in the USA and in Europe), with unique sector expertise.

The combined scope of these Engineering and R&D services activities will represent annual revenues of approximately €3.4 billion and 54,000 professionals, including 21,000 in 5 Global Engineering Centers.

  • Read More: IT Services Spending in India Set to Reach $15 Billion in 2019

Building on its track record in industrialization and innovation, Capgemini will strengthen Altran’s deployment of its segmented model of services (high value-added services, traditional services, Industrialized Globalshore) to support customers throughout the entire life cycle of their products and services

Introducing a world leader in “Intelligent Industry“ The new Group by this Capgemini and Altran agreement will take advantage from ability to enhance companies in their digital transformation journey, by combining their businesses knowledge, its privileged access to decision-makers and its portfolio of offers that spans digital transformation, consulting and innovation, information technologies (IT) and operational technologies (OT). Building on these strengths, Capgemini will reinforce its role as the strategic partner of choice of its customers in this “Intelligent Industry” space, which present a double-digit growth potential.

“This proposed combination  enables Capgemini to take the lead in a very promising market segment—what we call ‘Intelligent Industry’ or the digital transformation of industrial and tech companies. The complementarity and power of our combined business and technological expertise are truly outstanding assets. By joining forces, we are positioning ourselves as a clear strategic partner to assist our clients in taking full advantage of the revolution created by the developments of the cloud, Edge computing, IoT, artificial intelligence and 5G. I am delighted to welcome to Capgemini the talents and leaders of Altran, who share our beliefs and corporate culture.” Said Paul Hermelin, Chairman and CEO of the Capgemini Group

“The proposed combination of Altran with Capgemini is perfectly aligned with the vision set out in our strategic plan. While technological disruptions and the digitalization of industries are accelerating, Altran has developed new service models and strengthened its leadership with a high value-added offer for its customers’ Engineering and R&D activities. In an industry that is consolidating rapidly there is no doubt that Capgemini is the ideal partner to build together a world leader in digital transformation. This transaction will create value for our customers, and is an outstanding opportunity to showcase the talent of our teams.” Said Dominique Cerutti, Chairman and CEO of the Altran Group

Tags: AltranCapgeminiCapgemini acquires AltranCapgemini and AltranDominique CeruttiPaul Hermelin
News Desk

News Desk

by CXO VOICE team memebrs, contact@cxovoice.com

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