New Delhi
“The agreement is unanimously recommended and approved by the boards of directors of Capgemini and Altran,” Altran had said in a statement dated June 2.
The Competition Commission of India (CCI) in a tweet on Tuesday said it “approves acquisition of sole control over Altran Technologies SA by Capgemini.”
As per a combination notice filed with CCI “the parties submit that their businesses are complementary in nature. The parties have minimal overlaps in the provision of engineering services in India.”
Capgemini SE is a European company active in IT services on a worldwide basis while Altran is a publicly-traded joint stock company incorporated under French law and is active globally in engineering services, the notice said.
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