Posted March 26th, 2021 for Capgemini Unique combination of expertise will make Capgemini a market leader in Australia and New Zealand across digital, data and cloud and support the Group’s growth ambition in the Asia-Pacific region
Paris, Sydney, March 26, 2021 –
announced today that it has completed the acquisition of RXP Services (ASX: RXP). With the addition of more than 550 professionals, the deal expands Capgemini’s operations in Australia. The acquisition by way of scheme of arrangement was approved by the requisite majorities of RXP Services shareholders and by the Federal Court of Australia. Headquartered in Melbourne, RXP Services has locations in Sydney, Canberra and Hobart. The combined strength and capabilities of Capgemini and RXP Services in Australia will reinforce Capgemini’s ability to provide end to end digital solutions to clients across the region at scale. This acquisition reinforces Capgemini’s strategic partnerships with Micr
The Works parent company RXP Services acquired by Capgemini
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Capgemini SE (via Public) / Capgemini completes the acquisition of RXP Services
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COVID-19 continues to crush RXP Services in half yearly results
Net loss increased by 87.3 per cent, year-over-year
Ross Fielding (RXP) Credit: RXP
COVID-19 continues to impact RXP Services’ bottom line in its first half year results for 2021, with the company posting a $10.2 million loss for the half year ending 31 December 2020.
This sees the digital services consultancy increase its overall net loss after tax by 87.3 per cent when compared to the same period last year, according to documents released to the Australian Securities Exchange (ASX).
Revenue was also down 10 per cent, to $58.6 million, which RXP blamed on the ongoing pandemic and working from home arrangements impacting its sales processes and conversions in the second quarter.