Capgemini Consulting has acquired innovation process development company Fahrenheit 212. Through the deal the consultancy will bolt-on the acquisition to augment its digital innovation capabilities in the US and UK, with for Fahrenheit 212 the deal will provide it access to an international network of clients and operations.
Fahrenheit 212 was founded in New York in 2006. The company supports companies through the innovation process, leveraging their expertise in innovation to drive sustainable, profitable growth. From its bases in New York and London the company is active across a range of industries, including companies such as Adidas, American express, Coca-Cola Company and Samsung. Fahrenheit 212’s capabilities spans strategy, idea development, research, branding and design.
The acquisition of Fahrenheit 212 by Capgemini provides the professional services firm with expanded capabilities for Capgemini Consulting, the group’s global strategy and transformation consulting arm. The new unit will be bolted on to its consulting unit, with the new capabilities allowing the advisor to rapidly define new products, services and experiences for clients. For Fahrenheit 212, the deal will provide the company with unfettered access to Capgemini’s global network of Applied Innovation Exchanges, as well as provide it the ability to leverage Capgemini’s international implementation strengths.
The motivation for the addition of Fahrenheit 212, according to Cyril Garcia, CEO of Capgemini Consulting, is based on their shared view of the future of innovation and the inclusion of digital. "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,” he explains.
Todd Rovak, Managing Partner and Chief Executive Officer of Fahrenheit 212, believes the deal will allow the company to leap frog its competitive set, providing its innovation model for developing new products and services to a much wider client base. “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.”
Rovak also highlights the win-win he sees for the firm’s roughly 60 employees. “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.”