Dutch professional services firm TMF group has acquired Apriori, PwC Brazil’s outsourcing division, as the Big Four firm seeks to move away from outsourcing and strengthen its consulting capabilities.
Speaking to IAB, a spokesperson for PwC Brazil said the decision to sell Apriori is part of an ongoing effort to phase out outsourcing in favour of developing the firm’s consulting service in the country.
He added last year’s acquisition of Booz&Co, since rebranded to Strategy&, had been crucial to forming "great expectations" for the service line in the coming years.
"The way we see it, we would rather focus on consulting rather than outsourcing," he explained.
Established in 2002, Apriori provides business process outsourcing (BPO) for a range of services including finance and accounting, human resources, tax and compliance.
The firm counts over 500 employees, working out across three offices in Barueri, Rio de Janeiro and Ribeirão Preto.
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By GlobalDataThe acquisition follows Grant Thornton’s purchase of KPMG Brazil’s outsourcing practice in January
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