CSC plans to buy BearingPoint operations in Brazil
Acquisition would give contractor presence in world's ninth biggest economy
CSC, formerly known as Computer Sciences Corp., has entered into an agreement to acquire BearingPoint’s Brazilian operation, which specializes in consulting and systems integration services.
The financial terms of the transaction were not disclosed.
The acquisition will support CSC’s multi-year strategic growth plan by expanding the company's presence in Brazil, the world's ninth-largest economy, and adding key horizontal capabilities and vertical industry expertise, CSC officials said.
With 550 employees, a strong leadership team and offices in Sao Paulo, Rio de Janeiro and Brasilia, the operation will enhance CSC’s ability to support existing customers with a presence in Brazil, adding a robust set of new clients, the officials said.
The acquisition will position CSC to pursue and win new business in the region, and will also expand the company’s industry vertical expertise and clientele in its chemical, energy and natural resources, and technology and consumer sectors.
The transaction is expected to be completed by July 31, subject to the satisfaction of customary closing conditions and the approval of the court overseeing BearingPoint's corporate reorganization.
This acquisition will mark a milestone in CSC’s strategic growth plan and the expansion of our service delivery capabilities in high-growth geographies, CSC Chairman, President and Chief Executive Officer Michael Laphen, said in a statement today.
“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,” he said.
CSC’s Latin American presence includes operations in Argentina, Chile, Colombia, Costa Rica, Guatemala, Peru and Mexico.
CSC, of Falls Church, Va., ranks No. 9 on Washington Technology’s 2009 Top 100 list of the largest federal government prime contractors.
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David Hubler is the associate editor of Washington Technology.