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EU: Capgemini to buy Altran in €3.6B deal

By  |  June 25, 2019

French business consultancy firm Capgemini announced it agreed to buy engineering and digital services company Altran for €3.6 billion (US$4.10 billion)to tap into the fast-growing engineering outsourcing services market.

With the acquisition, Capgemini stated it hoped to respond to demand from its customers — companies in industries ranging from telecom to aerospace—to outsource engineers as well as research and development teams.

Capgemini stated it would pay €3.6 billion in cash and would assume Altran’s net debt of €1.4 billion (US$1.6 billion). The tender offer will be launched once regulatory approvals are secured.

Full Content: Reuters

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