Structure

In order to make the most of Capgemini's consulting and technology resources, and especially to enable smaller countries to benefit from the expertise of larger ones, Capgemini is organized around five large Strategic Business Units:

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Three geographical units
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North America
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Northern Europe and Asia-Pacific
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Central and Southern Europe
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A European Outsourcing unit
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A unit devoted to Local Professional Services (Sogeti/Transiciel)



The Group operates in 34 countries, with four major regions or countries generating almost 80% of its total revenues: North America accounted for 30% of revenues in 2003, followed by France, the Group's historic market, with 18%, the United Kingdom with 18%, and the Benelux countries with 13%.


The Group's operations are conducted through 153 consolidated subsidiaries. These subsidiaries are brought together into eight operational ?geographies.? The graph below illustrates their relative contributions in 2002 and 2003. Further to Cap Gemini S.A.'s acquisition of Cisco Systems' 4.84% minority stake in Cap Gemini Telecom S.A., this company was wholly owned at December 31, 2003. The Group therefore held 100% of all of its major subsidiaries except for Transiciel in which it had a 93.3% stake at December 31, 2003 (raised to 96.71% at the close of the extended offer period). In addition to its operating subsidiaries, Cap Gemini S.A. wholly owns:

- two real-estate companies, one of which owns the Group's corporate headquarters on Place de l' Etoile in Paris and the other which owns the site of the Group's former university campus in Behoust, west of Paris,

- one limited liability company, which owns the Group's new international training facility in Gouvieux, 40km north of Paris, which opened in early 2003.


The Board of Directors of Cap Gemini S.A., the parent company, defines the strategic objectives for the Group and oversees their fulfillment. In its role as a shareholder, Cap Gemini S.A. contributes to the financing of its subsidiaries either in the form of equity or by providing loans or guarantees. Finally, the parent company allows its subsidiaries to use its brands and methodologies (including ?Deliver?), for which it receives royalties which amounted to ?125 million in 2003 and ?159 million in 2002.


Geography wise Relative Contributions
Simplified legal structure


Since January 1, 2004, the Group has been organized into 5 Strategic Business Units:

? 3 geographical units: North America, Northern Europe & Asia-Pacific and Central Europe & Southern Europe

? 2 business units: the Outsourcing SBU which operates in the UK, France, the Netherlands and Germany; and the local professional services SBU made up of Sogeti/Transiciel.



Rightshore

Capgemini created a concept known as Rightshore. This means that it will provide its clients with the most ideal combination of quality, cost and delivery options through a network of worldwide centers.

The Sector Approach

Capgemini's industry experience combines the knowledge of our people, industry-specific thought leaders, and specialized teams of seasoned professionals organised within eight sectors:

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Automotive
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Energy, Utilities & Chemicals
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Financial Services
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Healthcare
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Life Sciences
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Manufacturing, Retail and Distribution
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Public
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Telecom, Media and Entertainment