Capgemini to buy LiquidHub for about 400 million euros

BENGALURU: Capgemini said it would buy digital IT firm LiquidHub for about 400 million euros to boost its digital consulting capabilities in North America.

The Paris-headquartered IT services company said it had paid two times revenue for Liquidhub, which expects to report revenue of about 200 million euros for 2017. LiquidHub has about 2000 employees globally.

“LiquidHub’s passion to help clients uncover new ways to engage with their customers, supported by robust digital expertise and a strong track record in complex technology execution, was a natural fit with the end to end digital services that Capgemini provides enterprises around the world,” Paul Hermelin, Chairman and CEO, Capgemini Group, said in a statement.


LiquidHub was up for sale since the middle of last year, and private firm Apax Partners, Cognizant, Accenture and Capgemini were in the running, media reports said. Private equity firm ChrysCapital owns a stake in the company.

“The full spectrum of Capgemini’s digital transformation solutions and services coupled with its global reach will allow us to augment and expand our offerings for our current and future clients around the world: a very exciting prospect for the entire LiquidHub team,” Jonathan Brassington, CEO and Co-Founder, LiquidHub, said.