IT and outsourcing consultancy Capgemini has acquired a 55% stake in Brazilian IT services company CPM Braxis.

Capgemini has an option to buy the remainder of CPM Braxis’ capital (45%), and the existing shareholders have an option to sell their remaining shares. These options can only be exercised between the 3rd and the 5th anniversary of the closing date (on the basis of an estimated price based on fair market value at the time of the exercise of these options).

The deal will enable Capgemini to considerably boost its presence in Brazil an IT services market amongst those with the highest potential.

The agreement will see the group widen its client base and contributes to Capgemini’s ability to better support its international clients in their developments in Brazil.

CPM Braxis’ client portfolio includes major Brazilian and international companies, particularly in the financial sector. The company expects to record 2010 revenues of around BRL 1bn (€450m).

CPM Braxis will also benefit from Capgemini’s assets –its global reach, methodologies and network of alliances - to serve its own clients, both in Brazil and around the world.