Wipro denies bid to acquire Capgemini
Indian outsourcer Wipro has stated that it has not been in talks to acquire or merge with French IT services company, Capgemini. It had been widely reported that Wipro, India’s third largest outsourcer, was considering acquiring Capgemini.
Wipro issued a statement at the request of French securities regulator, Autorité des marchés financiers (AMF).
Capgemini’s share price rose in December after the The Hindustan Times reported that Wipro was expected to bid for Capgemini by the end of January. A Capgemini spokesperson denied at the time that there were any talks between Wipro and Capgemini on this issue. It was also been reported earlier in 2007 that Infosys was planning a bid for Capgemini.
As part of plans to create a global delivery model, Indian outsourcers are moving into the European market.
Posted by on 01/16 at 10:25 AM
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