Capgemini will acquire RXP Services, a digital, data and cloud IT consulting company with expertise in Microsoft, Salesforce and ServiceNow. The value of this transaction is approximately US$70 million.
This is the M&A transaction number 462 tracked by ChannelE2E so far in 2020. Please see the complete list of M&A transactions here.
For the fiscal year ending in June 2020, RXP Services’ revenue was approximately US$93 million. The business has 550 employees in Australia. The company is headquartered in Melbourne and has branches in Sydney, Canberra and Hobart. In addition, RXP Services also owns a brand, design and customer experience agency called “The Works”.
At the same time, Capgemini has offices in Sydney, Melbourne, Canberra, Brisbane, Perth, Auckland and Wellington. The company’s local services include strategy and transformation, applications and technology, and operations and engineering. As part of its efforts in Australia and New Zealand, Capgemini acquired Australian MuleSoft specialist WhiteSky Labs.
Capgemini’s acquisition of RXP Services: executive perspective
Luc-Francois Salvador, Executive Chairman of Capgemini Asia Pacific and Middle East, stated in a prepared statement regarding the acquisition of RXP Service:
“The acquisition of RXP Services will make Capgemini a leader in Australia’s digital, data and cloud markets, thereby enhancing our ability to provide customers with value, scale and world-class expertise. This transaction will be a huge deal for Capgemini in Australia This change illustrates Capgemini’s growth ambitions in the Asia-Pacific region. The two companies share similar values and have a vision for the role of technology and humans in successfully transforming businesses and society. Our strengths will allow us to use insights , Design and technology create an inclusive and sustainable future for customers.”
Ross Fielding, CEO of RXP Services added:
“At RXP Services, we believe that digital consulting companies must focus on the personnel aspect of technical support solutions. This is very important. Therefore, Capgemini firmly believes that the value of technology comes from between people, which is very complementary to our belief. In addition to a match made in heaven , Joining Capgemini will also provide our RXP service team with greater scale and capabilities to provide end-to-end solutions that customers need and want, and can choose to expand it globally. I and the RXP Services board of directors unanimously recommend, In the absence of a higher recommendation, RXP Services shareholders should vote for the plan, and independent experts should conclude (and continue to draw conclusions) that the plan is in the best interests of RXP Services shareholders.”
The transaction is expected to be completed in early 2021 and is subject to shareholder approval of RXP Services, court approval, regulatory approval and other customary conditions.
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