Expects combination to expand breadth of capabilities and market reach
Perot Systems said that it will acquire BearingPoint Management Consulting (Shanghai) (‘BearingPoint China Consulting’), a management and technology consulting company with offices in Shanghai and Beijing. Terms of the deal were not disclosed.
The acquisition follows the announcement in mid-september that Perot Systems will be acquired by PC maker Dell for $3.9bn or $30 a share, in a move which is expected to boost Dell’s IT services operations. Perot said that the combination will expand breadth of capabilities and market reach.
Peter Altabef, president and CEO of Perot Systems, said: Dell, Perot Systems, and BearingPoint China Consulting all have successful track records of catering directly to the needs of clients. Unifying our service operations will significantly expand our reach and enhance our capabilities in China.
Established in 2001, BearingPoint China Consulting is a provider of consultancy expertise to clients in China’s energy, automotive, insurance, and financial services industries. Upon completion of the deal, the BearingPoint China Consulting operations will become part of the Perot Systems Commercial Solutions business unit.
Ron Machan, chairman and CEO of BearingPoint China Consulting, said: We are pleased to be joining Perot Systems, particularly given their momentum with recent contract wins in China and the Dell announcement. Our clients and our consultants will benefit from the deep industry expertise, mature global delivery model, and strong financial position of Perot Systems.”
However, the transaction is subject to approval from the US Bankruptcy Court and the Chinese government.