Global IT solutions firm Capgemini on Monday announced that it has filed the draft offer document with the French financial market authority Autorité des marchés financiers (AMF) relating to its friendly tender offer for all shares of global engineering solutions firm Altran Technologies (Euronext Paris: ALT) at a price of €14 per share.

The deal, first announced in June, will create a group with revenue of €17 billion and more than 265,000 employees. Cash consideration in the transaction would be €3.6 billion (US$4.1 billion) excluding net financial debt of approximately €1.4 billion (US$1.6 billion). The boards of both companies previously approved the acquisition, which is expected to be completed by the end of this year.

The Economic Times reported last week that anti-trust regulator Competition Commission of India (CCI) has already greenlighted the deal, which is primarily aimed to turn Capgemini into a key player with full stack of capabilities across research and development strategy, product engineering, manufacturing services, digital design, process consulting and software development and integration.

The offer price of €14 per share represents a premium of 30% over Altran’s volume-weighted average share price in the month preceding the announcement, and a premium of 33% over the three-month average, according to Capgemini.

Both Capgemini and Altran are based in France. Capgemini operates in more than 40 countries with more than 200,000 employees. It had revenue of €13.2 billion (US$15.1 billion) in 2018.

Altran operates in more than 30 countries with nearly 47,000 employees and had revenue of €2.9 billion (US$3.3 billion) in 2018.