Capgemini Press Release// Capgemini announces proposal to acquire Australian cloud transformation and digital services provid...
July 18 2021 - 7:45PM
Capgemini Press Release// Capgemini announces proposal to acquire
Australian cloud transformation and digital services provider,
Empired
Media relations:Sam ConnattyTel.:
+44 (0)370 904 3601sam.connatty@capgemini.com
Investor relations:Vincent
BiraudTel.: +33 1 47 54 50 87vincent.biraud@capgemini.com
Capgemini announces
proposal to acquire
Australian cloud
transformation and digital
services
provider,
Empired
The acquisition of Empired would significantly
increase the size of the Capgemini business in Australia and New
Zealand and position it as a market leader in digital, data and
cloud across the region
Paris,
Sydney, July
19, 2021 -
Capgemini
announces that it has
entered into a
Scheme
Implementation
Agreement with
Empired Limited
(ASX: EPD) to
acquire Empired under an
Australian statutory shareholder approved process
(Scheme). With more than 1000
professionals in Australia and
New Zealand, this acquisition would strengthen Capgemini’s
capabilities in cloud and data
across the region.
Capgemini’s
leadership position
in the Australia
market would be
supported by this acquisition, its
4th in the
country in 18 months.
With locations across Australia and New Zealand,
and a forecast annual turnover as of June 30, 2021 of between 186
and 188 million Australian dollars, Empired provides end-to-end
capabilities in cloud and data to enable the digital transformation
of key industries across Australia and offers a complementary
geographic footprint to Capgemini. Furthermore, Empired, known in
New Zealand through its brand Intergen, would mark a step change
for Capgemini in New Zealand, where it generates about a third of
its business.
Empired is enabling organizations to transform
and achieve more thanks to the depth and breadth of its
capabilities across the entire Microsoft platform. Highly
complementary to Capgemini’s global partnership with Microsoft,
Empired would bring to Capgemini the largest accredited Microsoft
Dynamics team in Australia and New Zealand. The acquisition of
Empired would strengthen Capgemini’s client portfolio across key
industries, notably in Mining, Utilities and Government. For
Empired, Capgemini’s positive momentum in Asia-Pacific, breadth of
service offerings and global scale would help its clients’ growing
needs, as well as expand career opportunities for its team
members.
“Enterprises are at an inflection point in their
cloud adoption," said Olaf Pietschner, CEO for Capgemini in
Asia-Pacific and Member of the Group Executive Committee.
"Capgemini's extensive transformation expertise combined with
Empired’s strengths as a leader in Microsoft Azure and Dynamics 365
will open up the full power of digital transformation for our
clients in Australia and New Zealand, to run their entire business
in the cloud and realize value faster. We look forward to welcoming
Empired’s talented professionals to Capgemini.”
Empired’s Managing Director, Russell Baskerville
said “Over the past 15 years Empired has been on a journey to build
the most respected digital services company across Australia and
New Zealand. Our strategy has delivered material growth in
shareholder value and we are confident that being part of Capgemini
will help to accelerate our combined market position in the coming
years.”
Mr Baskerville went on to say, “If implemented,
the Scheme will provide outstanding career opportunities for our
people and have a positive impact for existing and prospective
clients by providing them with access to the significant resources,
service capabilities and international experience of
Capgemini.”
Capgemini has been accelerating the digital
transformation of its clients across industries locally, offering
capabilities in strategy and transformation, application and
technology, and operations and engineering. Earlier this year,
Capgemini announced the acquisition of digital services consultancy
provider RXP Services and SAP consulting and digital solution
provider Acclimation.
The total proposed consideration for the
acquisition of 100% of the share capital of Empired (on a fully
dilutive basis) would amount to A$233 million1. The implementation
of the Scheme remains subject to certain conditions including
Empired shareholders’ approval, court approval, granting of a New
Zealand Overseas Investment Act direction order and other customary
conditions for a transaction of this nature. Capgemini’s
acquisition of Empired is expected to close in mid-November of
2021.
About CapgeminiCapgemini is a
global leader in partnering with companies to transform and manage
their business by harnessing the power of technology. The Group is
guided everyday by its purpose of unleashing human energy through
technology for an inclusive and sustainable future. It is a
responsible and diverse organization of 270,000 team members in
nearly 50 countries. With its strong 50 year heritage and deep
industry expertise, Capgemini is trusted by its clients to address
the entire breadth of their business needs, from strategy and
design to operations, fueled by the fast evolving and innovative
world of cloud, data, AI, connectivity, software, digital
engineering and platforms. The Group reported in 2020 global
revenues of €16 billion.Get The Future You Want
| www.capgemini.com
1 Based on 160,301,595 ordinary shares on issue plus 12,575,751
converted performance rights.
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Capgemini_-_2021-07-19_-_Proposal_to_acquire_Empired_in_Australia
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