UPDATE 3-Capgemini looks to industry's digital future with Altran deal [Reuters]
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Source: Reuters
Capgemini looks to industry's digital future with Altran deal - Reuters 4 Min Read PARIS (Reuters) - Capgemini’s shares surged on Tuesday on the back of the software and consultancy company’s 3.6 billion euro ($4.1 billion) takeover of smaller rival Altran to create a group with more than 250,000 staff harnessing new technologies. Capgemini hopes to tap into the rising demand from customers for research and development outsourcing, and software and IT developments in industries ranging from telecoms to aerospace. The combined company would have annual revenues close to 17 billion euros ($19.4 billion). “We are positioning ourselves as a clear strategic partner to assist our clients in taking full advantage of the revolution created by the developments of the cloud, Edge computing, IoT, artificial intelligence and 5G,” said Capgemini Chief Executive Paul Hermelin. Hermelin, 67, will remain chairman and CEO of the merged entity, but said he will proceed with a plan to become non-executi
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