Global consultancy Capgemini today announced plans to acquire RXP Services, an Australian firm with 550 staff across four locations.
Capgemini says it has entered into a scheme implementation deed with the ASX listed RXP to acquire it wholly for an expected A$95.5 million. The deal is still subject to shareholder and regulator approvals and is expected to close early next year.
Headquartered in Melbourne, with locations in Sydney, Canberra and Hobart, RXP Services reported yearly revenues of $127 million to June 2020, down 10 per cent on the previous year. Its consultants specialise in Microsoft, Salesforce, ServiceNow, Dell Boomi, Alteryx and Mulesoft technologies.
Capgemini says the acquisition marks a “step change” in its Australian footprint and will make it the market leader in digital, data and cloud expertise.
In a statement, executive chairman of Capgemini in Asia Pacific, Luc-Francois Salvador, said: “This transaction will be a step change for Capgemini in Australia and illustrates Capgemini’s growth ambition in the Asia Pacific. Both companies share similar values and vision of the role of technology and humanity in successfully transforming businesses and society. Our strengths will enable us to use insights, design and technology to create inclusive and sustainable futures for our clients.”
RXP Services CEO Ross Fielding welcomed the announcement, saying the two consultancies have complementary qualities, and urged shareholders to vote in favour of the deal.
“In addition to the natural fit, joining Capgemini would offer a larger scale and capability for our RXP Services teams to deliver end to end solutions that our clients need and want, with the option to expand them globally.
“The RXP Services board and I unanimously recommend that RXP Services shareholders vote in favour of the Scheme in the absence of a superior proposal and subject to the independent expert concluding (and continuing to conclude) that the Scheme is in the best interests of RXP Services shareholders.”