George Schindler, President & CEO, CGI

Canadian global information technology consulting firm CGI Inc. has announced a cash offer to acquire Dublin-based software company SCISYS, valuing the firm at approximately £78.9 million.  The acquisition will enable SCISYS to utilize CGI’s capabilities and client relationships across the UK and Germany.

“CGI’s offer to merge its operations with those of SCISYS is aligned to our Build and Buy strategy, providing opportunities to expand our industry depth in space, defense, government and media in the UK and Germany,” said George Schindler, President and CEO, CGI. “SCISYS’ industry-leading expertise and IP-based services and solutions will provide an opportunity to globalise certain platforms utilizing the broader CGI geographic footprint and client relationships.”

Established in 1980, SCISYS operates in several sectors, with deep expertise and industry-leading solutions in space and defence sectors, as well as in the media and broadcast news industries.

“We look forward to welcoming SCISYS’ highly-skilled innovators to CGI, sharing and collaborating with a focus on the success of our clients,” said Tara McGeehan, CGI President of UK operations. “The addition of SCISYS consultants and IP to CGI’s local presence and global reach will benefit our clients, and in particular making our investment in the European space industry more relevant than ever before,” added Torsten Strass, CGI President of Central and Eastern Europe Operations.

The transaction is expected to close in the second half of 2019.

Recently, CGI Inc partnered with HSBC, wherein the firm had been appointed with the task of delivering a new global technology trade platform for the banking giant and its clients.

by Megha Bhattacharya
Market Analyst at IBS Intelligence