HP acquires Capgemini spin-off in New Zealand

by CBR Staff Writer| 11 September 2005

Hewlett-Packard Co is to consolidate its position as one of New Zealand's largest IT services vendors through the acquisition of local player CGNZ Ltd for an undisclosed sum.

CGNZ was formerly the regional arm of Paris-based Capgemini Ernst & Young, but was bought out by its current management team in 2002. The company has 180 employees providing consulting and ERP integration services based at operations in Auckland and Wellington.

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