European services firm Cap Gemini has acquired US telcoms consultancy, Beechwood, for $200 million.
Mike Meyer, Cap Gemini America?s president and chief executive, said: "This acquisition gives us the muscle we need to transform the landscape in the services arena for the growing telecommunications industry."
Beechwood, which was founded in 1988, has seen annual growth rates averaging 43 per cent over the past four years and employed 400 people at the end of 1998. The company forecasts 1999 revenues of $80 million.
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