Global IT consultancy acquires Beijing-based tech firm

    June 30, 2011 | BY

    clpstaff &clp articles

    Capgemini Asia Pacific has acquired PRC-based IT developer and services provider, Praxis (Beijing) Technology (Praxis). Capgemini will acquire 100% of…

    Capgemini Asia Pacific has acquired PRC-based IT developer and services provider, Praxis (Beijing) Technology (Praxis).

    Capgemini will acquire 100% of the shares in Praxis and closing of this deal is subject to relevant regulatory approvals and licences. This is Capgemini's first acquisition of a China-based company and was a strategic purchase. The target is a mid-sized technology company with a core business in utilities and SAP solutions.

    A Beijing-based Gide Loyrette Nouel team, led by Thomas Urlacher, advised Capgemini. Praxis was represented by Chester China.

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