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India: CCI Capgemini $4-billion I-Gate acquisition approved

 |  July 28, 2015

French outsourcing major Capgemini today completed the USD 4-billion deal to acquire I-Gate Corporation.

“Capgemini today announced that it has completed the acquisition of Igate Corporation,” the company said in a statement.

The announcement comes on a day when the country’s fair trade regulator Competition Commission announced its approval for the acquisition. Both Capgemini and the New Jersey-registered I-Gate have got sizeable operations in the country and collectively employ over 80,000 professionals.

“Our combined operations in India have now reached the size to compete at par with the world leaders in our industry,” Capgemini chairman and chief executive Paul Hermelin said.

Full content: The Economic Times

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