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PARIS, March 31,
2025 /CNW/ - CGI (TSX: GIB.A) (NYSE: GIB), one
of the largest independent IT and business consulting services
firms in the world, today announced the signature of an exclusivity
agreement to acquire Apside, a France-based leading digital and engineering
services firm. The agreement was signed with Apside's main
shareholders, Siparex and investments companies of Crédit Agricole
Group.
Operating for almost 50 years, Apside is recognized for its deep
industry knowledge in manufacturing, financial services, insurance
and mutual health insurance services and public sector, as well as
its broad technology expertise in areas such as data, AI, cloud and
cybersecurity. The exclusivity agreement was signed on March 28, 2025. The proposed transaction is
subject to regulatory approvals and other customary closing
conditions, as well as the prior information and consultation of
the relevant employee representative bodies. Subject to receiving
all required regulatory approvals and completion of the
consultation procedures, the proposed transaction is expected to
close in June 2025.
With a significant local presence, Apside serves more than 300
clients worldwide and has operations across 28 offices in six
countries. Upon successful closing, more than 2,500 professionals
would join CGI, deepening the company's local presence in
France as well as in Canada, Portugal, Belgium, Morocco and Switzerland.
"The combination of CGI and Apside would contribute strongly to
the expansion of CGI in France and
would significantly strengthen our capabilities, particularly
across manufacturing and financial services. Together, we will
strengthen our ability to support clients in achieving their
tangible business outcomes. This merger would also enable us to
expand our portfolio of end-to-end services by integrating
engineering services," said Caroline de
Grandmaison, President of CGI's France and Luxembourg operations. "Beyond the
complementary nature of our expertise, our two companies also share
a common culture and set of values, focused on proximity with our
clients as well as the commitment and professionalism of our teams.
For Apside employees, joining CGI will enable them to benefit from
a stimulating and collaborative working environment in which they
can fulfill their professional aspirations. We look forward to
welcoming Apside teams and writing a new chapter together."
"Apside and CGI were founded the same year and share similar
business models, particularly in terms of client proximity,
operational excellence, and leveraging technology to create value,"
said Valérie Lafdal, Apside President. "I am convinced that
both Apside teams and our clients would benefit from this merger,
not only because of their shared values but also because CGI's
end-to-end service offerings could accelerate the success of their
digital transformations."
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.
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content:https://www.prnewswire.com/news-releases/cgi-enters-into-an-exclusivity-agreement-to-acquire-apside-a-leading-digital-and-engineering-services-firm-in-france-302414638.html
SOURCE CGI Inc.
