Capgemini acquires Dutch business of Delta Capita

Capgemini has acquired the Dutch arm of Delta Capita, adding around 200 staff to its team in the Benelux.

The deal sees the Paris-listed group acquire in full the Netherlands based subsidiary of Delta Capita, which specializes in regulatory-focused services to the financial services sector.

Established in 2013 by London-headquartered Delta Capita (which launched in 2010), the Dutch arm has since its inception grown into one of the leading financial services consultancies in the country, in particular in the areas of financial crime (know your customer, anti-bribery and corruption), risk management and regulatory compliance. The growth of the business was over the years accelerated by two acquisitions.

Clients of Delta Capita include major banks, insurance companies and pension institutions.

Reflecting on the deal, Aiman Ezzat, the CEO of Capgemini said: “This acquisition will help Capgemini to further support European based banking, insurance and pensions clients to comply with critical Know Your Customer (KYC) regulatory standards and complex local legislation.”

The move is Capgemini’s first European deal this year, and second in the financial services space in 18 months, following the purchase of the financial crime compliance division of Exiger in 2023. That deal bolstered Capgemini’s teams in North America, Europe, Middle East, and Asia Pacific.

“Financial crime compliance, by its very nature, requires an intimate knowledge of rapidly evolving local legislation. The acquisition of Delta Capita in the Netherlands will augment our European footprint for financial crime, and position Capgemini as the global partner of choice in KYC transformation,” noted Kartik Ramakrishnan, CEO of Capgemini’s Financial Services practice.

Terms and conditions of the deal have not been disclosed. Delta Capita’s other 11 offices are not part of the transaction.

Commenting on the transition, Tom Kastelein, CEO of Delta Capita’s Dutch arm, said: “The financial services industry is seeking comprehensive solutions for their end-to-end financial crime transformation and ongoing management. Capgemini’s global scale, partner ecosystem and well-established financial services expertise were a natural fit for our team in terms of complex project scope and global client base. We are very happy to be joining the group.”