Capgemini gets Competition Commission's approval to acquire Cloud4C

The Competition Commission of India (CCI) has approved the proposed acquisition of Singapore-based Cloud4C by French technology major Capgemini.

The anti-trust regulator said the deal involves Capgemini acquiring 100% of the shares of Cloud4C Services Pte. Ltd (headquartered in Singapore) and its Indian arm, Cloud4C Services Pvt. Ltd.

"The proposed combination relates to the acquisition of 100 per cent of the shares of Cloud4C Services Pte Ltd (Target 1) and Cloud4C Services Pvt Ltd (Target 2) by Capgemini SE," CCI said in a release.

Capgemini SE, the ultimate parent of the Capgemini Group, is a Paris-listed global leader in consulting, technology, and digital transformation services. The group’s shares are traded on Euronext Paris.

The company has a significant presence in India, which serves as one of its largest delivery bases globally.

"Commission approves proposed acquisition of Cloud4C Services Pte Ltd and Cloud4C Services Pvt Ltd by Capgemini SE," the regulator said in a post on X.

Cloud4C, a hybrid cloud managed services provider, is headquartered in Singapore but conducts most of its operations from India, where a majority of its workforce is based.

Both Capgemini and Cloud4C operate in the information technology (IT) and information technology-enabled services (ITeS) sectors in India.

In August, Capgemini said it had signed an agreement to acquire hybrid cloud platform services firm Cloud4C.

This deal came on the heels of Capgemini's announcement in July this year to acquire business transformation services firm WNS for USD 3.3 billion, excluding debt, to expand the range of AI tools it offers for companies.

The deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.

The CCI said a detailed order on the approval will be issued separately.