1. CGI completed acquisition of Apside, enhancing digital and engineering services. 2. Apside strengthens CGI's presence in France, Belgium, and other European markets. 3. Over 2,500 Apside professionals have joined CGI post-acquisition. 4. The acquisition focuses on manufacturing and financial services capabilities. 5. CGI's revenue for Fiscal 2024 reported at CA$14.68 billion.
The acquisition of Apside enhances CGI's competitive position, potentially increasing revenue streams and market share. Historical acquisitions in the tech sector often lead to stock price appreciation due to increased capabilities and market reach.
The article discusses a major acquisition impacting CGI's operational scale and capabilities, which are crucial for future growth and revenue generation.
Strategic acquisitions take time to yield results, often reflected over several quarters or years.
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PARIS, Aug. 28, 2025 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB), one of the largest independent IT and business consulting services firms in the world, has completed its previously announced acquisition of Apside, a leading provider of digital and engineering services.
Present in France, Belgium, Canada, Morocco, Portugal and Switzerland, Apside is recognized for its in-depth industry knowledge in manufacturing, finance, insurance and the public sector, as well as its technology expertise in areas such as data, AI, cloud and cybersecurity.
With this acquisition, CGI further consolidates its presence in France as well as other European countries and Morocco, and strengthens its capabilities, particularly in manufacturing and financial services.
More than 2,500 professionals have joined CGI through this acquisition, including nearly 2,200 in France.
"We are delighted to welcome Apside's talented team to CGI. Our companies share a culture and common values focused on innovation, responsibility, commitment and putting our employees at the heart of everything we do. By combining our strengths, we are enriching our technology offering and strengthening our ability to support our clients in their most complex transformations," said Caroline de Grandmaison, President of CGI's France operations.
About CGI
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 93,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2024 reported revenue is CA$14.68 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com
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SOURCE CGI Inc.