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
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
EU Regulators Assessing Car Repair Market Amid Calls for Increased Competition
May 16, 2024 by
CPI
Turkish Competition Authority Imposes Fine on Google for Local Search Services
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI