Capgemini jumps on takeover talk
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Infosys in the frame Shares in Capgemini jumped this morning on talk of a takeover or merger approach from Infosys.â¦
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French IT services company CapgeminiÂ will have more staff in India than any other country by the end of this year, as it expands its offshore services delivery from that nation.
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The share price of Cadbury Schweppes leapt by 10 percent on Tuesday as speculation mounted over a potential takeover of the confectionery and soft drinks giant.
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InfoWorld - Capgemini has agreed to acquire the software services company Software Architects to expand its presence in key U.S. cities, the French IT services provider said Thursday.
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Whisky distiller Glenmorangie said it was in talks with a number of potential suitors about a takeover. The firm, one of the largest remaining independent companies in the Scotch whisky industry, said it was
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Capgemini has agreed to acquire the software services company Software Architects to expand its presence in key U.S. cities, the French IT services provider said Thursday.
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Shares in internet gaming firm Sportingbet jump 15% after it says has received a takeover approach.
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The top executive at Navistar  International Corp.  signaled on Friday that the  company, which has been struggling to get its finances in  order, was open to buyout offers.
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Acquisitions were the theme of the day as the FTSE Small Cap index jumped 1.7 per cent, its biggest daily gain in more than 18 months.
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(InfoWorld) - Indiaâs second largest outsourcer, Infosys Technologies, is considering a bid for French IT services company Capgemini, according to a newspaper report. The Times of India of Mumbai quoted an industry source on Friday as saying the move was a natural progression for a fast-growing Indian tech firm keen to make an impression on the global market. Infosys declined to comment on the reports. âWe do not comment on market rumors,â a spokeswoman for the company said Friday. However, Infosys, in Bangalore, indicated at itsÂ analyst conference in AprilÂ that it may consider an acquisition. An acquisition deal between Infosys and Capgemini is unlikely to happen, said Siddharth Pai, a partner at consultancy firm Technology Partners International in Houston, Texas. Infosys might acquire Capgemini to get access to European markets, where it doesn't have a large presence, but the cultural incompatibilities between the two companies are very high, he added. A number of Indian outsourcing companies including Tata Consultancy ServicesÂ (TCS) and WiproÂ have acquired companies abroad to increase their geographic reach and to focus on new industry sectors. Capgemini used acquisitions as way to win new business and add staff in India. Last year, the companyÂ acquired a 51 percent stakeÂ in Unilever India Shared Services, a subsidiary of European consumer goods maker Unilever Group. That business will become a wholly owned subsidiary of Capgemini by 2008. In February,Â Capgemini acquired Kanbay International, an IT services firm in Rosemont, Illinois, to boost its services delivery from India, and its business in the financial services sector. Infosys reported revenue of $3.1 billion for the fiscal year ended March 31 this year, and has forecast revenue of about $4 billion in its current fiscal year ending March 31 next year. The company had a market capitalization of $27 billion as of March 31. Capgemini is a larger company with revenue of $10 billion for its fiscal year ended December 31.
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(InfoWorld) - Capgemini has agreed to acquire the software services company Software Architects to expand its presence in key U.S. cities, the French IT services provider said Thursday. The purchase of Software Architects, which focuses on project management, architecture and business technology services, will provide a gateway for new business in cities such as Tampa, Florida, and Phoenix, Arizona, according to Gapgemini. The software services company, which is located in Chicago, has a strong focus on MicrosoftÂ and IBMÂ technologies. Software Architects, a 500-employee company with revenues of $68 million in 2006, will be folded into Sogeti USA, a subsidiary of Capgemini. Sogeti will then have 2,000 employees in 24 U.S. cities, Capgemini said. The deal is subject to the approval Software Architects shareholders, antitrust clearance and customary closing conditions, Capgemini said. No financial details were disclosed. Capgemini has lowered costs for customers by delivering a mix of offshore services with on-site expertise, the company said. It has pushed into India and plans to have about 10,000 staff there by the end of this year. In October 2006,Â Capgemini bought Kanbay InternationalÂ for $1.25 billion to increase its ability to deliver services from India and gain access to Kanbay's large financial institution clients. A month prior, Capgemini acquired aÂ 51 percent stake in Unilever India Shared Services, a finance and accounting business process outsourcing operation in India belonging to European consumer goods maker Unilever Group.
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Takeover talk swirled around Societe Generale bank on Friday, driving up its shares, with analysts expecting an all-French outcome to the rogue trader debacle.
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Shares in Paris-based consultancy Capgemini and Indian software firm Infosys Technologies jump on reports of a possible merger.
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Takeover stories started to re-emerge as the FTSE 100 posted its first meaningful rise since the turmoil in global markets started last week.
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The top executive at Navistar International Corp.  signaled on Friday that the company, which has been struggling to get its finances in order, was open to buyout offers.
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French drinks group Pernod Ricard has signalled it is ready for more acquisitions after successfully absorbing British group Allied Domecq, which it acquired for 10.7 billion euros (13.6 billion dollars) last year.
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The CAPS community loves this diversified industrial giant.