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Capgemini Buys Altran for $4.1 Billion to Expand in Tech

  • Company looking to maintain its position as a major IT adviser
  • Shares in Capgemini rose the most since October 2011
Updated on

Capgemini SE said it will acquire Altran Technologies SA in a 3.6 billion-euro ($4.1 billion) deal in order to win more tech clients and keep up with rivals.

Paris-based Capgemini is looking to maintain its position as a major IT consultancy in a consolidating industry, as competitors such as Accenture have been building out their sales from digital projects.