The Competition Commission of India (CCI) has approved the acquisition of Cloud4C Services Pte. Ltd and Cloud4C Services Private Limited by Capgemini SE, marking another major consolidation in India’s information technology services sector.

The proposed transaction involves Capgemini SE acquiring 100 per cent of the shares of Cloud4C Services Pte. Ltd (based in Singapore) and Cloud4C Services Private Limited (based in India). Together, the two entities are referred to as the Targets.

Capgemini SE, listed on Euronext Paris, is the ultimate parent company of the Capgemini Group, a global leader in consulting, digital transformation, technology, and engineering services.

The Cloud4C group, headquartered in Singapore, is a leading hybrid cloud managed services provider with significant operations and a majority of its workforce based in India. The company specialises in cloud infrastructure, cybersecurity, and IT management solutions for enterprises.

Both Capgemini and Cloud4C operate in the IT and IT-enabled services (ITeS) sectors in India. The acquisition is expected to strengthen Capgemini’s cloud solutions portfolio and enhance its digital transformation capabilities across global markets.

The CCI confirmed that a detailed order outlining the competitive impact and specific conditions of the deal will be released shortly.