PricewaterhouseCoopers (New York) has purchased the majority of BearingPoint's North American Commercial Services practice. The acquisition was approved by U.S. Bankruptcy Court for the Southern District of New York on May 28.
With the completion of the transaction, PwC's Advisory practice has assumed selected contracts of BearingPoint and brought on 800 client service professionals with significant business and consulting expertise across multiple industries. PwC is gaining top-tier clients with a broad portfolio of multi-sector contracts in Commercial and Financial Services.
PwC will also acquire two Global Delivery Centers (GDCs); one in Shanghai, China, and one in Bangalore, India, from BearingPoint. PwC hopes the acquisitions of these operations will provide its clients with expanded global sourcing capabilities and competitive cost advantages.