Sonda Scoops Up Brazilian Specialist

Chilean IT provider Sonda has agreed to acquire Brazil’s Elucid Solutions for BRL140m ($73m), it says. Euclid, a software provider, reported income of BRL123m in 2012, and counts 25% of the country’s electric power distributors among its clients. The transaction is part of Sonda’s $500m 2010-12 investment plan, and is its fifth purchase since 2009. Sonda has a presence in Chile, Brazil, Argentina, Colombia, Costa Rica, Ecuador, Mexico and Uruguay.