French IT services company Capgemini said that it has agreed to acquire technology outsourcing company WNS for $3.3 billion to meet the rapidly growing Agentic AI needs of the clients.

As part of the definitive transaction agreement, Capgemini will acquire the US-listed company for a cash consideration of $76.50 per WNS share, which represents a premium of 28% to the last 90-day average share price, the French company said in a statement.

The total cash consideration will amount to $3.3 billion, excluding WNS net financial debt, it added.

Aiman Ezzat, CEO, Capgemini, underlined that enterprises are rapidly adopting Generative AI and Agentic AI to transform their operations end-to-end.

“Together we will create a leader in Intelligent Operations... This will address the client needs for Agentic AI-driven process transformation to deliver efficiency and agility through hyper-automation while achieving superior business outcomes," added Ezzat.

The acquisition is subject to regulatory and shareholder approval and is set to close by the end of the year, it said.

The dramatic rise of AI in the past few years has spurred IT services firms like Capgemini and Accenture to invest billions to ramp up their AI offerings to cater to the rising demand from businesses across sectors.

While there is no stop to the craze around agentic AI, Gartner said in a report last month that more than 40% of Agentic AI projects will be cancelled by the end of 2027 on account of rising costs, unclear business value or inadequate risk controls.

However, the report stressed that agentic AI represents a progress in AI capabilities despite the challenges.