Latest news with #KeshavMurugesh
Yahoo
2 days ago
- Business
- Yahoo
WNS Holdings (WNS) Rallies for 7th Day on $3.3-Billion Acquisition
WNS (Holdings) Limited (NYSE:WNS) is one of the . WNS Holdings extended its winning streak to a 7th straight day on Monday, jumping 14.26 percent to close at $74.7 apiece following news that it was set to be acquired by Capgemini for $3.3 billion. In a statement, Capgemini said that it entered into a definitive agreement with WNS (Holdings) Limited (NYSE:WNS) for the acquisition of a significant stake in the latter at a price of $76.5 apiece. Capgemini said that the acquisition price represents a premium of 28 percent to the last 90-day average share price; of 27 percent to the last 30-day average share price; and a premium of 17 percent to the last closing share price on July 3, 2025. 'As a recognized leader in the Digital Business Process Services space, we see the next wave of transformation being driven by intelligent, domain-centric operations that unlock strategic value for our clients,' said WNS (Holdings) Limited (NYSE:WNS) CEO Keshav Murugesh. An IT professional working with a laptop in a modern, urban office. 'By combining our deep domain and process expertise with Capgemini's global reach, cutting-edge Gen AI and Agentic AI capabilities, a robust partner ecosystem, and advanced technology platforms, we are creating a powerful proposition that accelerates enterprise reinvention,' he added. While we acknowledge the potential of WNS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Time of India
2 days ago
- Business
- Time of India
This is an industry defining moment: WNS CEO
Bengaluru: In an exclusive interview with TOI, WNS Group CEO Keshav Murugesh discusses how Capgemini's acquisition of WNS is a move to prepare for a future that requires combining business process understanding with new-age technologies, allowing outsourcers to address a far larger portion of clients' businesses. How do you see the synergies playing out in this deal, especially with all the changes AI is bringing to the tech space? Both companies are approaching this from a long-term perspective. This strategic combination is about accelerating our business in the direction the market is likely to head in the coming years. This isn't just about what we're doing today — it's about anticipating where the market is going in the era of GenAI, and the integration of technology and operations, which we're referring to as intelligent operations. Long-term, companies that build a joint strategy now are better positioned to capture the larger addressable market — something Aiman and I have both discussed regularly. According to most analysts, the global business services (GBS) market is only 30% penetrated. That leaves a 70% white space. With the rise of AI and generative AI, the combination of domain expertise, digital capability, and data — essentially the convergence of technology and operations — is exactly what clients want from their strategic partners. Instead of building these capabilities internally, clients are looking to external partners who can drive these outcomes. WNS brings deep domain process expertise and strong presence in the US and UK. Capgemini adds capabilities in technology — including IT, AI, data analytics, and consulting — along with financial scale and a strong footprint in Europe. Importantly, we're doing this from a position of strength to serve the industry's needs over the next 5 to 10 years. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru Traditionally, business process outsourcing (BPO) was seen as distinct from IT. Are those lines blurring? This kind of combination allows us to compete for much larger deals. With AI and agentic AI, we're seeing the potential to manage a client's entire end-to-end value chain. This combination brings together deep domain expertise and the ability to deliver superior technology and AI solutions. While our GBS business is currently larger, combining it with Capgemini's consulting, tech, and AI capabilities creates massive growth potential. This truly is an industry-defining moment. The deal is valued at $3.3 billion, excluding debt. How will the debt component be handled? It's all embedded in the capitalised cost. The offer includes a 27% premium over the 30-day average and a 28% premium over the 90-day average. It also exceeds the 52-week is a highly positive outcome for our shareholders. For employees, it's equally promising. Subject to deal approval, they will have the opportunity to work in a much larger enterprise with a strong track record of successful acquisitions, including Igate, and Syniti. Many of Capgemini's current senior leaders came through acquisitions, which speaks volumes about the opportunity this presents for WNS talent. Given WNS is listed in the US, will there be a delisting? Will WNS continue as a brand? WNS will be merged into Capgemini, and our business will become part of their global business services unit. WNS shares will be delisted from the New York Stock Exchange. We still need shareholder approval, and we'll also go through the regulatory approval process in various countries, including antitrust clearances. Capgemini has indicated in their release that the expected timeline is by the end of this year. With automation disrupting many lower and mid-level BPM processes, is this deal a response to deeper challenges facing the industry? Not at all. In fact, the total addressable market is expanding due to these new technologies. Many companies still manage their own back and middle office functions, and increasingly, even front office processes. These can now be handled more efficiently by process players who understand partnership takes a leadership position in blending technology and business processes. So, this is not a response to a crisis. It's a forward-looking move, designed to capitalise on growth and long-term opportunity. How much progress have you made in agentic AI? What implementations are underway? Agentic AI is one of the critical tools shaping the future of business. The scale of investment required is significant. Capgemini has already committed nearly €900 million to GenAI-related projects. They're investing heavily in AI technologies and have trained over 35,000 people. At WNS, AI and automation are part of our core offering — it's essential for staying relevant, improving productivity, and driving growth. The power of this partnership lies in combining our strengths. AI, GenAI, and agentic AI will be managed more effectively together than either of us could do alone.
Yahoo
3 days ago
- Business
- Yahoo
Capgemini to acquire IT services provider WNS for $3.3bn
French technology company Capgemini has signed a definitive agreement to acquire IT services provider WNS in a deal valued at $3.3bn (€2.8bn). The transaction will see Capgemini paying $76.5 per WNS share, representing a premium of 28% to the last 90-day average share price. The strategic acquisition aims to bolster Capgemini's leadership in AI-powered intelligent operations. Publicly listed-WNS offers business transformation services, leveraging industry knowledge, business process management, technology, analytics, and AI expertise to deliver market differentiation. It operates across eight industries, deploying automated platforms to enhance business outcomes, and maintains long-term contracts with recurring revenue streams. WNS caters to clients such as United Airlines, Aviva, M&T Bank, Centrica, and McCain Foods. According to Capgemini, the acquisition will position it as a leader in digital business process services (BPS), blending horizontal and vertical process expertise with a global presence. Capgemini CEO Aiman Ezzat said: 'WNS brings to the Group its high growth, margin accretive and resilient Digital Business Process Services, which is the springboard to Intelligent Operations, while further increasing our exposure to the US market. Immediate cross-selling opportunities will be unlocked through the integration of our complementary offerings and clients.' WNS CEO Keshav Murugesh said: 'By combining our deep domain and process expertise with Capgemini's global reach, cutting-edge Gen AI and Agentic AI capabilities, a robust partner ecosystem, and advanced technology platforms, we are creating a powerful proposition that accelerates enterprise reinvention. 'WNS' complementary portfolio of horizontal and industry-specific solutions will significantly enhance Capgemini's rapidly growing Business Services footprint, enabling next-generation, data-driven operations across sectors.' With combined revenues of €1.9bn in 2024 in digital BPS, Capgemini aims to strengthen its ability to support clients in their business and technology transformation journeys. The merger of Capgemini and WNS's offerings and client bases is expected to unlock cross-selling opportunities and lay the foundation for seizing the intelligent operations market opportunity, the French group said. Intelligent operations provide a consulting-led approach to transform and operate business processes leveraging AI technologies. It focuses on efficiency, speed, and agility through process hyper-automation, improving business outcomes by integrating data, AI, and digital solutions, the technology vendor explained. The merger is anticipated to benefit from Capgemini's investments in AI through its partnerships with companies such as Microsoft, Google, AWS, Mistral AI, and NVIDIA. The transaction has received unanimous approval from both companies' boards of directors and is subject to approval by the Royal Court of Jersey, WNS shareholders, and customary regulatory approvals. The closing of the transaction is anticipated by the end of 2025. In May 2025, Capgemini, Mistral AI and SAP teamed up to offer AI models for the regulated industries such as financial services, the public sector, aerospace and defence, as well as energy and utilities. "Capgemini to acquire IT services provider WNS for $3.3bn " was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Time of India
3 days ago
- Business
- Time of India
Capgemini-WNS Deal: French firm to acquire BPS provider for $3.3 billion; eyes edge in agentic AI operations
Representative image French tech giant Capgemini on Monday announced its acquisition of business process services (BPS) provider WNS for $3.3 billion in cash, a strategic move aimed at creating a global leader in AI-powered business operations. As per the news agency AFP, the deal, unanimously approved by both companies' boards, values WNS at $76.50 per share, a 28 per cent premium over its 90-day average trading price. With this acquisition, Capgemini aims to tap into the fast-evolving demand for agentic AI, or autonomous AI agents, which can independently perform tasks and make decisions in business environments. 'Capgemini's acquisition of WNS will provide the group with the scale and vertical sector expertise to capture that rapidly emerging strategic opportunity created by the paradigm shift from traditional BPS to agentic AI-powered intelligent operations,' said Capgemini CEO Aiman Ezzat, as cited by AFP. WNS, headquartered in London with a second base in India and listed on the New York Stock Exchange, began in the late 1990s by offering services to British Airways. Today, it caters to clients across various sectors, helping them transition from conventional outsourcing to tech-driven operational models. The company is widely recognised as a key player in the BPS sector, which has evolved from simple back-office outsourcing to complex AI-integrated process management. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo 'Organisations that have already digitised are now seeking to reimagine their operating models by embedding AI at the core, shifting from automation to autonomy,' WNS CEO Keshav Murugesh said, as per AFP. Capgemini, which provides IT consulting and digital transformation services, said the acquisition would open up strong cross-selling opportunities and is expected to immediately enhance its financial performance. The deal is projected to boost earnings per share by 4 per cent in 2026 and by 7 per cent in 2027 once synergies are realised. To fund the acquisition and assume WNS's existing debt, Capgemini has secured €4 billion ($4.7 billion) in bridge financing, it said in a joint statement with WNS. The transaction reflects a broader industry shift as companies move from AI-assisted automation to building AI-led autonomous operations. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
3 days ago
- Business
- Mint
Capgemini to buy IT firm WNS for $3.3 billion to expand AI operations, expects boost in earnings per share
Bloomberg Updated 7 Jul 2025, 12:26 PM IST France's Capgemini SE plans to acquire IT outsourcing firm WNS Holdings Ltd. for $3.3 billion, beating rival suitors to a deal aimed at expanding its AI operations. The French group said it's agreed to take over the smaller US-listed firm for $76.50 per share, a premium of about 28% to WNS's average price over the past 90 days. Capgemini expects the deal to boost its earnings per share by about 4% on a normalized basis in 2026. The acquisition underscores how IT services firms from Capgemini to Accenture Plc are spending heavily on artificial intelligence, which companies around the world are racing to adopt. At the same time, their clients are exploring ways to improve efficiency throughout their operations. Led by Chief Executive Officer Keshav Murugesh, WNS serves more than 600 clients and operates in 13 countries, according to its website. In April, it reported better-than-anticipated quarterly earnings, though revenue declined slightly. More stories like this are available on
