(MENAFN) French IT services and consulting company Capgemini said it was buying New Jersey-based IGATE for USD4 billion, boosting its US-generated business to 30 percent of its total activity, AFP reported.
Capgemini said the combined companies would post USD13.58 billion in annual revenues, a third of which would be generated in North America, which Capgemini president called the "largest market for IT services."
Capgemini noted that it looked for a company that would allow it to reinforce geographically in the US, something IGATE does by generating nearly 80 percent of its annual USD1.3 billion in revenues in North America.
"IGATE is a leading company that perfectly fits our strategic ambition. It will give us a new status on the American market, and take further our industrialization journey," said Capgemini president.
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