CSC has entered into an agreement to acquire management and technology consulting company BearingPoint’s Brazilian operation, which provides consulting and systems integration services.
CSC claims that the acquisition would support its multi-year growth plan by expanding its presence in Brazil and adding horizontal capabilities and vertical industry expertise.
The company said that, with 550 employees having offices in Sao Paulo, Rio de Janeiro and Brasilia, the operation would enhance its ability to support existing customers with a presence in Brazil, adding a set of new clients to it. Additional horizontal capabilities include project management, strategy consulting and applications management. Language capabilities include English and Spanish, in addition to Portuguese.
The company has further stated that its Latin American presence includes existing operations in Argentina, Chile, Colombia, Costa Rica, Guatemala, Peru and Mexico.
CSC expects the acquisition to expand its industry vertical expertise and clientele in its Chemical, Energy and Natural Resources and Technology and Consumer sectors too. Clients of the Brazilian business include producers of oil and gas, and iron ore, as well as some of the brands in other sectors.
Michael W Laphen, chairman, president and CEO of CSC, said: When completed, this acquisition will mark a milestone in our strategic growth plan and the expansion of our service delivery capabilities in high-growth geographies. With this step, we will establish a meaningful foothold in one of the world’s largest emerging markets, add capabilities that extend and complement our own and position CSC for increased success both internationally and domestically.
The transaction is expected to be complete by end of July 2009, and is subject to the satisfaction of customary closing conditions and the approval of the court overseeing BearingPoint’s corporate reorganisation.
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