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CGI completes acquisition of Apside, a France-based digital and engineering services leader

1. CGI has acquired Apside, enhancing its service offerings. 2. Apside specializes in digital engineering across multiple sectors. 3. The acquisition adds over 2,500 professionals to CGI's workforce. 4. CGI strengthens its position in Europe, notably in France. 5. The acquisition supports CGI's focus on innovation and complex transformations.

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FAQ

Why Bullish?

CGI's expansion and increased workforce typically bolster investor confidence. Historically, similar acquisitions in the tech sector have led to positive market reactions.

How important is it?

The acquisition is significant, expanding CGI's operational capacity and market reach, likely influencing stock performance positively.

Why Long Term?

The acquisition enhances CGI's capabilities and market presence long-term, benefiting revenue and growth. Similar acquisitions in the past have shown sustained positive effects over time.

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Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom , /PRNewswire/ - CGI (TSX: GIB.A) (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 SOURCE CGI Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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