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EU Approves IBM Buy of PwC Consulting

IBM won permission from the European Commission on Monday to buy ricewaterhouseCoopers Consulting for $3.5 billion in cash and stock. The merger gives IBM the worlds largest supplier of computers and computer services the consulting arm of PricewaterhouseCoopers the worlds largest accounting firm.
The combined IBM-PricewaterhouseCoopers will control roughly 20% of the IT consulting market Consultants News estimates. A careful analysis of the transaction has shown that IBMs share of the IT services market will not be significantly altered and that consumers will continue to benefit from ufficient choice and innovation in the sector the Commission said in a statement. IBMs service business which by itself employs about 150000 people and has grown to become larger than its flagship computer hardware division will take on 30000 new staff with the acquisition.

2002年 12月20日
参照Consulting Wire

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