Capgemini, a provider of consulting, technology and outsourcing services, has signed an agreement to acquire 55% interest in Brazilian IT services company CPM Braxis, representing a total amount of BRL517m (€233m).
Under the agreement, Capgemini has an option to buy the remainder of CPM Braxis’ capital (45%), and the existing shareholders have an option to sell their remaining shares.
These options can only be exercised between the 3rd and the 5th anniversary of the closing date (on the basis of an estimated price based on fair market value at the time of the exercise of these options).
The company said that the acquisition will enable it to enhance its presence in Brazil, widen its client base and contribute to its ability to support its international clients in their developments in Brazil.
CPM Braxis CEO Jose Luiz Rossi said that the company will expand client base by making its services available to Capgemini’s international clients present in Brazil, and will also be able to offer Capgemini’s expertise to support major Brazilian clients in their international development projects.
