Capgemini acquires Ciber's North American operations

Capgemini, a French multinational information technology consulting corporation has acquired the North American operations of Ciber, a global IT consulting company for a total price of $50 million. The assets to be acquired include the majority of the North American business of Ciber, covering client-focused assets, employees and operations, with revenue $275 million (approx.). The transaction excludes certain liabilities of Ciber as well as its international operations. According to Capgemini, the acquisition will strengthen its presence in the region with key Fortune 1000 clients in sectors such as Automotive, Telecom and Media. The deal will increase the company’s workforce by an estimated 2,000 consultants in the US and 1,000 in India. The acquired assets will be combined with the existing US operations of Capgemini’s Technology and Engineering Services (Sogeti). Capgemini believes that the straightforward integration process would rationalize the overhead costs, driving the return to profitability of Ciber’s operations and leveraging a strong client base. The company further claims that the combination of the acquired business with the existing Sogeti operations in North America will increase Sogeti’s footprint and reinforce its ability to deliver locally to its clients across key markets in North America. Through this transaction Sogeti business in the region is expected to grow in excess of 50% and represent more than 15% of Capgemini North American business. Ciber’s employees will be offered new positions with similar terms within the Capgemini group. The transaction is expected to close by the end of the second quarter of 2017.

Abhinav Mohapatra

An author who has a keen interest for the ‘off-beat’ <!--more-->An author who has a keen interest for the ‘off-beat’, he has covered and explored multiple facets of the marketing, advertising

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