Capgemini acquires purchasing solutions provider IBX
Capgemini Group has announced its acquisition of on-demand purchasing solutions provider IBX and with it, the availability of the industry’s first global end-to-end, Procurement-as-a-Service offering. Having collaborated together since summer 2009, Capgemini and IBX decided to join forces in order to drive development of a new global procurement service offering and further expand the addressable market for IBX’s technology.
According to AMR Research, outsourcing of supply management processes has grown in recent years: “The market grew 30% in one year, driven by procurement and strategic sourcing services being offshored to India in record numbers.”
Capgemini said it is “ready to tackle this new growth opportunity and will make use of its Rightshore delivery network including strong offshore operations in India, China, Brazil and Poland.”
IBX is headquartered in Stockholm, with 240 employees located across Europe and in the US. The company is a strong cash-generating company with EUR 30m of revenues and an EBITDA margin of 16%. IBX operates 2m purchase orders per year – a purchasing volume of EUR 12bn – for more than 200,000 end users. Its clients include some of the largest and most recognised corporations in the world including Ericsson, Kraft Foods, IKEA, Deutsche Post DHL, LEGO System, Skanska and Deutsche Lufthansa.
“Joining forces with Capgemini strengthens our global capabilities, paving the way for the next generation of a Procurement-as-a-Service provider. Collaboration with Capgemini started in late summer and has been very positive,” said Leif Bohlin, CEO of IBX Group and newly appointed head of the new, combined procurement BPO service entity.
“Procurement platforms can provide immediate gains for companies looking to outsource processes. In addition, we enable clients to manage their sourcing strategy on a global basis, helping them manage their business better,” said Hubert Giraud, global leader of Capgemini BPO.
