PricewaterhouseCoopers has completed the $44 million acquisition of BearingPoints North American Commercial Services business.
PwC acquired the business in March, with Deloitte buying the bankrupt consulting companys North American public services business. Formerly known as KPMG Consulting, BearingPoint was spun off from KPMG in 1999. The company filed for Chapter 11 in February of this year.
The PwC deal also includes the purchase of the companys global delivery centers in Shanghai, China, and Bangalore, India. Those transactions will be finalized in the next several months.
The BearingPoint acquisition we did was very much consistent with our existing advisory capabilities both here and in other countries, PwC International CEO Samuel DiPiazza, Jr., told WebCPA recently. Theres a piece in Japan, other pieces in China and India, and its very consistent with the role were playing as an advisor, as a firm that can help our clients make transformational change. It complements our skills in technology, risk assessment and change management. I dont see this as a complicated integration. These teams will work very well with our existing advisory teams around the world, and we think its a great addition to our skill sets.
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