Capgemini SE?s (ENXTPA:CAP) discussions to acquire outsourcing company WNS (Holdings) Limited (NYSE:WNS) have stalled, according to people familiar with the matter. The talks have ground to a halt following the global market volatility, said the people, who asked not to be identified discussing private information. Capgemini had been in advanced discussions to acquire the outsourcing firm, Bloomberg News reported last month.
Shares of WNS fell as much as 11% in US trading Friday, the biggest intraday drop since October 2024. They were down 3.9% at 10:05 a.m. in New York, giving the company a market value of $2.5 billion. Capgemini shares declined 0.7% in Paris, giving the firm a market capitalization of $28.5 billion.
Deliberations could still be revived should market conditions improve, the people said. Representatives for Capgemini and WNS declined to comment. Led by Chief Executive Officer Keshav Murugesh, WNS serves more than 700 clients and operates in 13 countries, according to its website.
The company?s adjusted net income rose 23% from a year ago to $66.2 million in its latest quarterly results, beating analyst estimates. WNS has been exploring a sale after attracting takeover interest, Reuters reported in April.
