Perot Systems, set to be acquired by Dell, said it is acquiring BearingPoint's China consulting unit out of bankruptcy.
BearingPoint, which is currently in bankruptcy, has a China consulting unit that was formed in 2001 (statement). BearingPoint China Consulting specializes in the energy, automotive, insurance and financial services industry. The unit has offices in Shanghai and Beijing.
Add it up and Dell will improve its Chinese footprint with Perot, which recently won a few contracts in China, and now the BearingPoint addition. BearingPoint China Consulting will be housed in Perot Systems commercial business unit.
Terms weren't disclosed and the deal must be approved by the U.S. Bankruptcy Court and Chinese government.