DALLAS, Aug. 28 /CNW/ - BearingPoint, Inc., the management and technology
consulting firm, announced today that it has completed the sale of the
Company's Europe, Middle East and Africa (EMEA) practice to its European
management team for an aggregate price of approximately US $69 million in
Following the transaction, the EMEA practice will operate as an
independent, private partnership and will continue to serve clients under the
BearingPoint brand. Peter Mockler, who has been serving as the EMEA leader for
BearingPoint since 2006, and his management team will continue to lead the
organization, providing leadership stability and continuity in the transition
"We are very pleased to finalize the purchase of BearingPoint EMEA and
look forward to continuing to serve our valued clients for many years to
come," said Peter Mockler. "The EMEA leadership team and approximately 3000
consultants are dedicated to the success of our business and remain steadfast
in our commitment to providing leading-edge management and technology
consulting services to our clients. We are confident that this is the best
path forward for our clients and employees, as many examples have shown that
the private business model makes sense for a professional services firm."
About BearingPoint, Inc.
BearingPoint, Inc. is a provider of management and technology consulting
services to commercial and public sector organizations around the world.
BearingPoint professionals have built a reputation for knowing what it takes
to help clients achieve their goals, and working closely with them to get the
job done. The Company's service offerings are designed to help its clients
generate revenue, increase cost-effectiveness, manage regulatory compliance,
integrate information and transition to next-generation technology. For more
information, visit the Company's Web site at http://www.BearingPoint.com.
Some of the statements in this press release constitute "forward-looking
statements" within the meaning of the United States Private Securities
Litigation Reform Act of 1995. These statements are based on our current
expectations, estimates and projections. Words such as "will," "expects,"
"believes" and similar expressions are used to identify these forward-looking
statements. These statements are only predictions and as such are not
guarantees of future performance and involve risks, uncertainties and
assumptions that are difficult to predict. Forward-looking statements are
based upon assumptions as to future events or future financial performance
that may not prove to be accurate. Actual outcomes and results may differ
materially from what is expressed or forecast in these forward-looking
statements. As a result, these statements speak only as of the date they were
made, and the BearingPoint, Inc. undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
For further information:
For further information: Mike Kronfellner, Director Marketing &
Communications EMEA, Tel.: +49-89-54033-7070,