IT
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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