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Jan 11 (Reuters) - The Canada Pension Plan Investment Board (CPPIB) said on Wednesday it would acquire a 48 percent stake in IT consultancy GlobalLogic Inc from private equity firm Apax Funds.
Terms of the deal were not disclosed.
San Jose, California-based GlobalLogic also develops software, and its expertise includes applications for cloud computing, embedded computing and mobile devices.
Apax Funds will retain a 48 percent stake in the company. (Reporting by John Benny in Bengaluru)