Empired is the fourth acquisition for the French IT company in the country in 18 months
French IT company Capgemini has signed an agreement to acquire Australian cloud transformation and digital services provider Empired for A$233m ($171.5m).
The acquisition, which is Capgemini’s fourth in the country in 18 months, is expected to strengthen its capabilities in cloud and data across the region.
Capgemini’s other acquisitions in Australia include digital services consultancy provider RXP Services and SAP consulting and digital solution provider Acclimation.
Empired employs more than 1,000 professionals in Australia and New Zealand. With its capabilities across the entire Microsoft platform, the company supports the digital transformation of key industries across Australia.
The company is expected to strengthen Capgemini’s global partnership with Microsoft, by adding a large accredited Microsoft Dynamics team in Australia and New Zealand.
Capgemini Asia-Pacific CEO and the group executive committee member Olaf Pietschner said: “Enterprises are at an inflection point in their cloud adoption.
“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.”
In New Zealand, Empired is known through its brand Intergen.
The acquisition is expected to be a step change for Capgemini in New Zealand, where it generates about a third of its business.
In addition, the deal will strengthen Capgemini’s client portfolio across key industries, mainly in mining, utilities and government.
For the acquisition, Capgemini has entered into a Scheme Implementation Agreement with Empired under an Australian statutory shareholder approved process (Scheme).
The implementation of the Scheme remains subject to certain conditions including Empired shareholders’ approval, and court approval.
In addition, it is subject to granting of a New Zealand Overseas Investment Act direction order and other customary conditions.
The transaction is expected to be closed in mid-November of 2021.
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.”