Tech Intelligence Bulletin (HG Insights) – Capgemini and Audi have announced the formation of a joint venture.
The scope of the new joint venture will comprise the provision of digital technology and consulting services, particularly in the fields of SAP S/4HANA and cloud services. Both companies have signed an agreement to establish this new company once regulatory approvals have been obtained.
Joint venture will strengthen collaboration
Capgemini and Audi have a long-standing partnership in developing solutions for digital transformation and co-innovation. The new co-owned company will strengthen this collaboration and leverages their joint capabilities. Further details, including the name of the new company, will be disclosed in due course.
The Audi Group, with its brands Audi, Ducati and Lamborghini, is one of the most successful manufacturers of automobiles and motorcycles in the premium segment. It is present in more than one hundred markets worldwide and produces at eighteen locations in thirteen countries.
In 2019, the Audi Group delivered to customers about 1.846 million automobiles of the Audi brand, 8,205 sports cars of the Lamborghini brand and 53,183 motorcycles of the Ducati brand. In the 2018 fiscal year, the premium carmaker generated revenue in the amount of €59.2 billion and an operating profit before special items of €4.7 billion. The company currently employs around 90,000 people worldwide, with more than 60,000 working in Germany.
A global leader in consulting, technology services and digital transformation, Capgemini is at the forefront of innovation to address the entire breadth of clients’ opportunities in the evolving world of cloud, digital and platforms. Building on its strong 50-year heritage and deep industry-specific expertise, Capgemini enables organisations to realise their business ambitions through an array of services from strategy to operations. It is a multicultural company of almost 220,000 team members in more than 40 countries. The Group reported 2019 global revenues of €14.1 billion.