Capgemini to acquire Altran

Capgemini has entered into exclusive negotiations to acquire Altran for 3.6 billion euros. The combination will create a global leader in digital transformation for industrial and tech companies, with revenues of 17 billion euros and more than 250,000 employees. The exact implications for the Dutch and Belgian activities will become clear after completion of the deal, which is expected by the end of 2019. Both Boards of Directors unanimously recommend and approve the agreement. In addition, Capgemini has signed a definitive agreement to acquire shares representing 11 percent of Altran capital from a group of shareholders led by Apax Partners.

Altran is a worldwide provider of engineering and R&D services. For more than 35 years, it has been working with major players in many sectors, including automotive, aerospace, consumer, defense, infrastructure, life sciences, semicon and software. The company generated 2.9 billion euros in revenue in 2018, with nearly 47,000 staff in more than 30 countries. In the Netherlands, it employs about 900, servicing companies like ASML, Philips and Thales from offices in Eindhoven, The Hague, Helmond, Hengelo, Leek, Utrecht and Zwolle. Altran gained its foothold here by acquiring Tass in 2014 and Nspyre in 2015 (links in Dutch).

Capgemini is a global leader in consulting, IT services and digital transformation. The group has over 200,000 employees in more than 40 countries. It had a turnover of 13.2 billion euros in 2018. With its technology and engineering services division, Sogeti, the company is also active in the Benelux high tech.