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CGI enters into an agreement for the acquisition of BJSS, a leading UK technology and engineering consultancy

1. CGI to acquire BJSS, enhancing UK operations in key sectors. 2. Acquisition boosts CGI's workforce with 2,400 skilled professionals. 3. BJSS adds expertise in AI, cybersecurity, and software engineering. 4. Transaction expected to close by February 2025, pending approvals. 5. Synergistic culture aims to improve client outcomes and employee growth.

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FAQ

Why Bullish?

Successful acquisitions typically boost stock performance. CGI's growth strategy aligns with positive market trends.

How important is it?

The acquisition of BJSS is significant for CGI's market position. Increased capabilities and workforce may influence overall performance.

Why Long Term?

Acquisitions impact company growth over years. Past acquisitions have led to sustained revenue increases.

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BJSSGIB.A
Stock Market SymbolsGIB (NYSE)GIB.A (TSX)www.cgi.com/newsroom Acquisition will accelerate CGI's UK-wide expansion, deepening the firm's presence across key commercial industry sectors as well as public sector  , /PRNewswire/ - CGI (NYSE: GIB) (TSX: GIB.A) today announced the signature of a share purchase agreement on January 29, 2025, to acquire BJSS, a UK-based technology and engineering consultancy known for its innovative IT solutions, software engineering expertise and delivery excellence. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in February 2025. More than 2,400 highly skilled consultants and professionals will join CGI, deepening the company's operations across the UK in key industry sectors such as retail, health, government, financial services and energy & utilities. Founded in 1993, BJSS is one of the UK's largest independent IT and software engineering consultancies. The company partners with clients to deliver large-scale high-quality software systems and address complex technology challenges through services such as technology strategy and delivery, customer experience design, managed services, software engineering, artificial intelligence (AI), data and insights, cloud and platform solutions, and cybersecurity services. "BJSS has a well-earned reputation for delivering exceptional value to its clients, driven by technical excellence and innovative thinking," said Tara McGeehan, President of CGI's UK and Australia operations. "By joining forces, we will strengthen our ability to help clients across the private and public sectors achieve measurable outcomes, such as driving efficiencies, improving customer experiences and generating business growth." McGeehan added, "Our companies share a strong cultural alignment and pride in helping clients solve complex challenges to deliver value. BJSS employees will benefit from CGI's ownership culture, which empowers all employees to become company owners and actively shape our future direction, whilst providing an enjoyable and collaborative working environment where they can fulfil their career potential." Glynn Robinson, BJSS Chairman commented: "Joining CGI represents an exciting new chapter for BJSS. Both CGI and BJSS share a commitment to sustainability, employee engagement and long-term client relationships. Together, we can leverage our complementary strengths to deliver even greater value for our clients while creating new opportunities for our talented team." Upon successful completion of the acquisition, CGI will have operations across 26 locations in the UK, enabling our consultants to partner with clients through a proximity-based model, while drawing on the support of the company's broad international presence and wide range of services to deliver value. About CGI Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 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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