French IT services major Capgemini on Monday said it has entered into a share purchase agreement to acquire Chapuis Halder & Cie (Chappuis Halder), a global strategy and management consulting firm specializing in the financial services industry.
The transaction is expected to be completed in the coming months. Financial details of the acquisition were not disclosed.
With Chappuis Halder’s distinct industry focus, this acquisition will strengthen Capgemini Group’s advising capabilities to banking, wealth management and insurance clients in North America, Europe and Southeast Asia.
“The acquisition will also add to the group’s on-demand specialist consulting services in environmental, social and governance (ESG) and climate risk strategy,” Capgemini said in a statement.
Headquartered in Luxembourg, Chappuis Halder is a consulting firm of approximately 150 people with main offices in North America (New York and Montreal), Europe (Paris and Geneva) and Southeast Asia (Singapore and Hong Kong).
Anirban Bose, CEO, Financial Services Strategic Business Unit, Capgemini, said, “The addition of Chappuis Halder will further contribute to our in-depth expertise in financial services, enabling us to advise and assist our clients in the industry with their business transformation. To be is an important condition.” and Group Executive Board member. “With Chappuis Haldar, we are further strengthening our ability to deliver end-to-end transformation to customers in financial services.”
Capgemini helps customers meet their business needs from strategy and design to operations, cloud, data, AI, connectivity, software, digital engineering and leveraging the platform. The group reported global revenues of €18 billion in 2021.