India: Competition Commission of India approved proposed acquisition of Cloud4C Services and Cloud4C Services Private Limited by Capgemini SE

On 14 October 2025, the Competition Commission of India (CCI) approved the proposed combination relating to the acquisition of 100 percent of the shares of Cloud4C Services (Target 1) and Cloud4C Services Private Limited (Target 2) by Capgemini SE. The acquirer, Capgemini SE, serves as the ultimate parent entity of the Capgemini Group, a publicly listed company with its shares traded on Euronext Paris. The target entities constitute a hybrid cloud managed services provider headquartered in Singapore, conducting most of their operations from India, where the majority of employees are based. Both the acquirer and the targets are engaged in the provision of Information Technology (IT) and Information Technology enabled Services (ITeS) within India. The CCI indicated that a detailed order concerning the assessment of the proposed combination under the Competition Act would be issued subsequently, providing further analysis of its effects on competition in the IT and ITeS sectors.