The Channel logo

News

By | John Oates 3rd September 2010 10:47

Capgemini buys big Brazilian dealer

£194m shelled out

Capgemini has bought a 55 per cent stake in Brazilian reseller CPM Braxis for £194m.

Braxis has 5,500 staff and expects to turn over £375m in 2010. It specialises in financial clients, and until the buyout its largest customer, the bank Bradesco, was also its largest shareholder.

Capgemini said the deal would extend its reach in Brazil, allow it to support its existing clients with interests in the country and to add to its management team.

CPM Braxis expects revenue growth of 20 per cent this year and manages margins of around six per cent.

Capgemini will have the option to buy up the rest of Braxis's shares between three and five years after the deal closes.

The deal makes Brazil Capgemini's sixth largest country by headcount with 6,200 staff.

Full statement is here. ®

alert Send corrections

Opinion

Houses of Parliament in night-time

Andrew Orlowski

Come on everybody, let's upload all our stuff into Government by Cloud
Joe Tucci EMC
frustration_anger_irritation_annoyance pain

Felipe Costa

Pressure to perform for stock market bearing down on disties

Features

Alistair Darling and Alex Salmond debate Scottish independence
You keep the call centres, Hamish, we'll take the banks
Internet of Things
Everyone loves those Things, just not on each others' terms
No email? No CRM? No Daily Mail iPad edition? You need a plan
Sinofsky's hybrid strategy looks dafter than ever