---
schema_version: "secwatch.filing_event.v1"
accession: "0001803599-23-000075"
form_type: "8-K"
ticker: "CNXC"
cik: "0001803599"
company_name: "Concentrix Corp"
filed_at: "2023-03-29T23:59:59+00:00"
generated_at: "2026-06-17T10:49:26.360005+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Concentrix to acquire Webhelp for ~$4.8B, creating combined CX leader with ~$9.8B pro forma revenue

## Summary
- Transaction valued at ~$4.8B including net debt; Webhelp shareholders receive 14.9M CNXC shares, €500M cash, and €700M note payable at 2%.
- Pro forma 2023 revenue ~$9.8B; Webhelp expected to generate ~$3.0B revenue and ~$500M adjusted EBITDA in 2023.
- Cost synergies of $75M in first full year, reaching at least $120M net of investments by third full year.
- Accretive to non-GAAP EPS in first full year, with double-digit accretion in second full year; net debt-to-adjusted EBITDA ~3x at close, declining to ~2x within two years.
- Chris Caldwell to lead combined company; Olivier Duha to become Vice Chair; transaction expected to close by end of 2023 subject to shareholder and regulatory approvals.

## SEC filing metadata
- accession: 0001803599-23-000075
- form_type: 8-K
- ticker: CNXC
- cik: 0001803599
- company_name: Concentrix Corp
- filed_at: 2023-03-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1803599/000180359923000075/0001803599-23-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1803599/000180359923000075/cnxc-20230329.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001803599-23-000075
- JSON: https://secwatch.observer/filing/0001803599-23-000075.json
- Plain text: https://secwatch.observer/filing/0001803599-23-000075.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.