Acquisition marks a significant step in the expansion of TMF Group's operations in Latin America.
São Paulo, Brazil, 19 March 2015 - TMF Group, a leading provider of high value Global Business Services to clients operating and investing internationally, has concluded the acquisition of Apriori, the outsourcing division of PwC Brasil, PwC's local partnership in Brazil.
The acquisition will strengthen and consolidate TMF Group's existing platform in Brazil, increasing the breadth and depth of its business services offering, while also benefitting from the addition of Apriori's specialist technology.
Apriori was established in 2000, as the business process outsourcing division of PwC Brasil providing a full set of BPO services including finance and accounting, human resources, tax and compliance. Since then it has grown to a business of over 500 people, working from three offices in Barueri, Rio de Janeiro and Ribeirão Preto.
According to TMF Group's Head of Americas, Luigi Garlati, the acquisition will have a positive impact for businesses not just in Brazil but across the...