The French information technology group CAP GEMINI (sales of EUR 4.3 billion in 1999) has concluded an agreement with the American consulting firm ERNST AND YOUNG, under which it will take over the US firm's consulting and information technology services. CAP GEMINI will be buying almost all of ERNST AND YOUNG CONSULTING (sales of around EUR 3.5 billion in 1999 with 18,000 employees). The amount of the transaction was not made public, but is thought to total around EUR 11.5 billion. This...