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Capgemini to Purchase 55 Percent of Brazil's CPM Braxis for €233 Million

MR - Capgemini has reached an agreement with the shareholders of Brazil's CPM Braxis to acquire a 55 percent interest in the consulting and IT services firm for 517million BRL (€233 million). Capgemini also has an option to buy the remaining 45 percent within 5 years. CPM Braxis is the largest Brazil-based IT services firm, serving more than 200 major domestic and international clients, with a concentration in financial services, telecom, manufacturing, and utilities. The deal will allow Capgemini to expand its presence in Brazil to around 6,200 from approximately 700 today. (1,055 words) . . . (to read the remainder of this article, please log in below.)
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