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IT

Capgemini to acquire engineering consultancy Altran for EUR 3.6 bln

Tuesday 25 June 2019 | 11:13 CET | News
Consulting and IT services provider Capgemini has entered into exclusive negotiations to acquire Altran, a consultancy specialising in engineering and R&D services. Under the friendly takeover deal, Capgemini will pay EUR 14.00 per Altran share, for a total cash consideration of EUR 3.6 billion excluding net debt of EUR 1.4 billion. The two companies, both headquartered in France, said that their merger will create a group with annual revenues of EUR 17 billion and more than 250,000 employees, in a sector that is consolidating rapidly.

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Categories: IT
Companies: Altran / Capgemini
Countries: France / World
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