Consulting giant Capgemini seeks to solidify its position as a digital transformation change agent with the $4.1 billion acquisition of engineering and research and development firm Altran Technologies. With the deal completion expected by the end of the year, the merger of the two companies will create a combined company with more than 250,000 employees and $19.4 billion in revenue.
“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. 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.” –PAUL HERMELIN, CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF THE CAPGEMINI GROUP
According to Capgemini, the combined portfolio of services targeting Intelligent Industry will span digital transformation, consulting and innovation, information technology (IT) and operational technology (OT), chasing a market that it says has double-digit growth potential.
For more details on the merger, check out coverage by Reuters.