Capgemini, a global leader in consulting and IT services, and Altran Technologies, the world leader in engineering and R&D services, have entered into an agreement for a friendly takeover. The transaction, structured as a cash tender offer at �14.00 per share, values Altran at approximately �3.6 billion. This strategic combination creates a global powerhouse with combined revenues of �17 billion and a workforce exceeding 250,000 employees.

ALTRAN, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the 13.6x average currently observed in the TMT (Tech, Media, Telecom) sector.

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