NTT Data to Buy Japan Unit of Cap Gemini of France
Posted on: Tuesday, 19 July 2005, 12:00 CDT
Jul. 19--TOKYO -- NTT Data Corp. said Tuesday it has reached a tie-up agreement with Cap Gemini S.A. of France, and as part of the accord it will buy a 95 percent stake in the Japanese unit of the French computer consultancy for about 4 billion yen.
NTT Data, a system integration business unit of Nippon Telegraph and Telephone Corp., expects that the tie-up with the world's fifth-largest information technology services company will help reinforce its services for Japanese companies operating overseas.
In the domestic market, it expects that the acquisition of Capgemini Japan K.K. will help expand its services and customer base, it said.
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Source: Kyodo News International, Tokyo
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