French IT company Capgemini has agreed to acquire Chappuis Halder & Cie (Chappuis Halder), a Luxembourg-based strategy and management consulting firm, for an undisclosed price.

Chappuis Halder, which specialises in the financial services industry, will join Capgemini Invent, the digital innovation, consulting and transformation brand of Capgemini.

The consulting firm has around 150 employees. Its main offices are in New York, Montreal, Paris, Geneva, Singapore, and Hong Kong.

The company is said to facilitate business opportunities for clients by giving regulatory advice and carrying out environment, social, and governance (ESG) related projects.

Chappuis Halder CEO and founder Stéphane Eyraud said: “We are looking forward to being part of the Capgemini Group and to bringing our capabilities in helping clients in the financial services sector, to design, plan and implement end-to-end their transformation journey taking advantage of what technology can bring.”

According to Capgemini, the acquisition will bolster its capabilities to advise banking, insurance, and wealth management clients in North America, Europe, and South-East Asia in moulding the future of their business and driving transformation with the help of technology.

It is also expected to add to the French firm’s in-demand specialist consulting services in ESG and climate risk strategy.

Capgemini Invent CEO and group executive board member Cyril Garcia said: “This acquisition will help us deliver on high impact transformation projects for Corporate Investment Banking and Wealth Management clients.

“Chappuis Halder, who is joining Capgemini Invent, brings a team of highly talented and experienced consultants, based in North America, Europe and South-East Asia. Their skillsets, including in sustainability services – a key focus for us to meet growing client demand – are very complementary to the Group’s deep industry and broad technology capabilities.”

The deal is anticipated to close within the coming months.