Capgemini and Ciber Inc. (“Ciber”) today announced that they have entered into an agreement pursuant to which Capgemini will acquire the North American operations of Ciber, for a total price of $50 million. The assets to be acquired include the majority of the North American business of Ciber, covering client-focused assets, employees and operations, with revenue of c. $275 million. The transaction excludes certain liabilities of Ciber as well as its international operations.
The acquisition of the North American business of Ciber, a provider of technology services and IT specialists, will strengthen Capgemini’s presence in the region with key Fortune 1000 clients in sectors such as Automotive, Telecom and Media. The deal will increase Capgemini’s workforce by an estimated 2,000 consultants in the US and 1,000 in India.
The transaction has been approved by Ciber’s board of directors and will be implemented through a sale of Ciber’s assets under Chapter 11 of the United States bankruptcy code, for which Capgemini has agreed to act as the stalking horse acquirer. Subject to the positive outcome of this process, the transaction should close by the end of the second quarter of 2017.
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