Investing.com-- French software firm Capgemini SE (EPA: CAPP ) said on Monday it entered a deal to acquire New York-listed outsourcing firm WNS Holdings Ltd (NYSE: WNS ) for $3.3 billion.

Capgemini said it had entered into a definitive transaction agreement with WNS under which it will pay WNS $76.50 per share, representing a premium of 17% to the stock’s close on Friday.

The deal is unanimously approved by both Capgemini’s and WNS’ boards, the companies said in a statement. The deal will be accretive to Capgemini’s normalized EPS by 4% before synergies in 2026 and 7% post synergies in 2027.

Bloomberg reported in April that Capgemini and WNS were in talks over a potential deal, but in late-May reported that talks had stalled.

The companies said that the merger was largely aimed at developing and adopting artificial intelligence in the business process services (BPO) sector, which will be “the showcase for Agentic AI.”

Capgemini’s acquisition of WNS will provide the latter with the resources to vastly scale up its AI ambitions, the company said, with agentic AI and the digital BPO market to be two key points of interest.

Capgemini said it secured a bridge financing of 4 billion euros to cover the acquisition. It will fund the bridge financing with cash of 1 billion euros and the balance by debt issuance.