French IT providers main Capgemini mentioned on Monday it has entered right into a share buy settlement to amass Chappuis Halder & Cie (Chappuis Halder), a worldwide technique and administration consulting agency specialising within the monetary providers trade.
The transaction is predicted to be accomplished inside the coming months. Monetary particulars of the acquisition weren’t disclosed.
With Chappuis Halder’s particular trade focus, this acquisition will strengthen the Capgemini Group’s capabilities to advise banking, wealth administration, and insurance coverage shoppers in North America, Europe and South-East Asia.
“The acquisition may also add to the Group’s in-demand specialist consulting providers in atmosphere, social & governance (ESG) and local weather danger technique,” Capgemini mentioned in an announcement.
Headquartered in Luxembourg, Chappuis Halder is a virtually 150-people consulting agency, with fundamental workplaces in North America (New York and Montreal), Europe (Paris and Geneva) and South-East Asia (Singapore and Hong Kong).
“Chappuis Halder’s addition will contribute additional to our in-depth experience of economic providers, a key situation to have the ability to advise and assist our shoppers within the trade with their enterprise transformation,” mentioned Anirban Bose, CEO of Capgemini’s Monetary Providers Strategic Enterprise Unit and Group Govt Board Member. “With Chappuis Halder, we’re strengthening additional our capacity to ship end-to-end transformation to shoppers in monetary providers.”
Capgemini helps shoppers handle their enterprise wants, from technique and design to operations, leveraging cloud, information, AI, connectivity, software program, digital engineering, and platforms. The Group reported international revenues of €18 billion in 2021.
Supply: Live Mint