Capgemini seeks Competition Commission’s clearance to acquire Cloud4C

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French IT services major Capgemini has sought clearance from the Competition Commission of India (CCI) to acquire full ownership of Singapore-based Cloud4C.

The development comes after Capgemini announced on Tuesday that it has signed an agreement to acquire Cloud4C, a leader in hybrid cloud platform services.

The proposed combination involves the acquisition of 100% of the shares of target 1 (Cloud4C Services Pte Ltd) and target 2 (Cloud4C Services Pvt Ltd) by the acquirer (Capgemini SE),” according to a notice filed with the CCI.

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Capgemini seeks Competition Commission’s clearance to acquire Cloud4C



French IT services major Capgemini has sought clearance from the Competition Commission of India (CCI) to acquire full ownership of Singapore-based Cloud4C.

The development comes after Capgemini announced on Tuesday that it has signed an agreement to acquire Cloud4C, a leader in hybrid cloud platform services.

The proposed combination involves the acquisition of 100% of the shares of target 1 (Cloud4C Services Pte Ltd) and target 2 (Cloud4C Services Pvt Ltd) by the acquirer (Capgemini SE),” according to a notice filed with the CCI.

Headquartered in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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