Fahrenheit 212 acquired by Capgemini
Pharus served as the exclusive financial advisor to Fahrenheit 212 LLC in its sale to Capgemini. Transaction terms were not disclosed.
This transaction will augment the capabilities of Capgemini’s global strategy and transformation consulting organization, Capgemini Consulting, to provide new innovation, business transformation and digital customer experience solutions. This bolt on acquisition fits into Capgemini’s digital innovation growth strategy.
Todd Rovak, Managing Partner and Chief Executive Officer of Fahrenheit 212, said, “Pharus was the ideal advisor for us. We needed a lot more than technical transaction expertise; we needed the strategic lens through which to choose the right partner among attractive but very diverse options. Pharus quickly developed a deep understanding of our business, along with the needs and desires of our partners, innovation professionals and customers. They were then instrumental in finding the combination that would transform Fahrenheit into the most deeply resourced and agile innovation firm, while still maintaining our culture. With Capgemini, we now gain access to a new ability to turn big ideas into not just prototypes, but enterprise level solutions. Without Pharus, this simply would not have happened.”
About the transaction with Capgemini, Todd Rovak commented, “The ability to combine innovation strategy and transformational thinking with enterprise-level implementation on a global scale is now a client mandate. Capgemini’s deep technology capabilities, resources and client relationships will steepen our trajectory and accelerate our pace in ways that would take us years on our own. Our people are excited to strengthen and broaden our approach to innovation consulting in dynamic new ways, helping us continue to attract and develop innovation’s top practitioners.”
Cyril Garcia, CEO of Capgemini Consulting and Member of the Group Executive Committee, noted, “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. 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.”
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Fahrenheit 212, an innovation and design consultancy, focuses on defining innovation strategies and develops new products, services, and experiences that create sustainable, profitable growth for global clients such as The Coca-Cola Company, Marriott, and Citi.
Capgemini provides consulting, technology, and outsourcing services. Its consulting services include strategy and transformation, finance and technology transformation, human resources consulting, supply chain management, solutions environment, and innovation. It serves manufacturing, retail, consumer products, distribution and transportation, aerospace and defense, and financial services industries across the world.