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Capegemini To Buy iGATE

PUBLISHED BY: SURENDER KUMAR
APRIL 27, 2015

   
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Capegemini To Buy iGATE

Capegemini To Buy iGATE


French IT services company Capgemini plans to buy US-based iGATE Corp for $4-billion cash. iGATE, a technology and services company in New Jersey with revenues of $1.3 billion, double-digit growth, and a 19 per cent operating margin, is to be acquired for $48 a share. The deal will be financed through Capgemini's own cash, debt and an equity portion.


Once the deal matures, North America will represent 30 per cent of the combined revenue of $13.58 billion, raising Capgemini's revenue in the region by about a third.



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