Consulting giant Capgemini has acquired Fahrenheit 212, an innovation strategy and design firm. Financial terms of the deal were not disclosed.
The deal will enhance the capabilities of the Group’s global strategy and transformation consulting organization, Capgemini Consulting and accelerate its ability to define new products, services and experiences for clients. Fahrenheit 212 will gain access to international implementation strengths and the Group’s global network of Applied Innovation Exchanges.
Applied Innovation Exchanges(AIE) is an integral system that enables organizations to take advantage of its Applied Innovation concept; a process to rapidly and securely gain competitive advantage in today’s fast-pace innovation market landscape. Based in New York City and London, Fahrenheit 212 is an innovation consultancy that drives top-line growth by creating transformational new products, brands and businesses. Clients include The Coca-Cola, Company Marriot and Citi.
The acquisition fits well into Capgemini’s digital innovation growth strategy. Headquartered in Paris, France, Capgemini is one of the largest consulting, outsourcing and IT services companies with almost 180,000 employees worldwide and a global revenues of EUR 11.9 billion ( or about $13.2 billion at 2015 avarage rate). Capgemini has regional operations in North America, South America, Europe and Asia Pacific region.
Cyril Garcia, CEO of Capgemini Consulting and Member of the Group Executive Committee, said in a statement:
“Our shared view of the future of innovation and the inclusion of digital is the impetus behind the combination of our complementary approaches as we step-change the way consulting is defined and delivered,” and also added this: “Together with Fahrenheit 212, we’ll bring additional value and innovation to our clients and expand our innovation solutions into new industries that are undergoing digital disruption.”