Capgemini set to buy Empired for AU$233m

Monday, 19 July, 2021

Capgemini set to buy Empired for AU$233m

WA-headquartered, ASX-listed IT services provider Empired is set to be acquired by Capgemini for AU$233 million.

Empired, with more than 1000 staff across Australia and New Zealand, provides end-to-end capabilities in cloud and data to enable the digital transformation of key industries and offers a complementary geographic footprint to Capgemini.

“Furthermore, Empired, known in New Zealand through its brand Intergen, would mark a step change for Capgemini in New Zealand, where it generates about a third of its business,” said Capgemini in a statement. Empired is forecast to achieve annual turnover of between AU$186 and AU$188m as of 30 June 2021.

“Enterprises are at an inflection point in their cloud adoption,” said Olaf Pietschner, CEO for Capgemini in Asia-Pacific and Member of the Group Executive Committee.

“Capgemini's extensive transformation expertise combined with Empired’s strengths as a leader in Microsoft Azure and Dynamics 365 will open up the full power of digital transformation for our clients in Australia and New Zealand, to run their entire business in the cloud and realise value faster. We look forward to welcoming Empired’s talented professionals to Capgemini.”

Empired’s Managing Director, Russell Baskerville, said, “Over the past 15 years Empired has been on a journey to build the most respected digital services company across Australia and New Zealand. Our strategy has delivered material growth in shareholder value and we are confident that being part of Capgemini will help to accelerate our combined market position in the coming years.”

Baskerville went on to say, “If implemented, the Scheme [agreement] will provide outstanding career opportunities for our people and have a positive impact for existing and prospective clients by providing them with access to the significant resources, service capabilities and international experience of Capgemini.”

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