01:28 PM EDT, 07/07/2025 (MT Newswires) -- WNS (WNS) shares jumped intraday Monday after the technology outsourcing firm agreed to be acquired by France's Capgemini for $3.3 billion, excluding debt.
Under the terms of the deal, IT services provider Capgemini will pay $76.50 in cash for each WNS share, reflecting a 17% premium to the company's closing share price on Thursday, the companies said in a joint statement.
The transaction, which requires approval from the Royal Court of Jersey, regulators and WNS' shareholders, is expected to complete by the end of 2025.
New York Stock Exchange-listed shares of India-based WNS were up 14% in Monday afternoon trading.
"WNS' complementary portfolio of horizontal and industry-specific solutions will significantly enhance Capgemini's rapidly growing business services footprint," WNS Chief Executive Keshav Murugesh said.
Capgemini estimates the acquisition to be accretive to normalized earnings per share by 4% before synergies in 2026 and 7% post synergies the year after. It anticipates a revenue synergy run-rate of 100 million euros ($117 million) to 140 million euros by the end of 2027.
"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 a shift from traditional business process services to agentic (artificial intelligence)-powered operations, Capgemini CEO Aiman Ezzat said.
The companies' combined revenue in digital business process services reached 1.9 billion euros in 2024.
Price: 74.75, Change: +9.37, Percent Change: +14.32