Capgemini will acquire a 100% stake in Beijing-based Praxis Technology, a provider of IT and consulting services to the Chinese utility market.

This acquisition should help Capgemini improve its position in the Chinese market, where it already has 1800 professionals in major cities including Beijing, Guangzhou, Shenzhen and Hong Kong.

Capgemini head of New Businesses Gilles Taldu confirmed that the buyout will strengthen their capability in the utility sector, helping meet the needs of China's largest utilities.

"We look forward to working with the Praxis Technology team to bring the latest SAP technologies to our utility clients in China," Taldu said.