Combination strengthens position as leading
provider of data-driven business services at scale
MONTRÉAL, Oct. 6, 2017 /CNW
Telbec/ - CGI (TSX: GIB.A) (NYSE: GIB) announced today the
settlement of trades and payment to shareholders who have tendered
in excess of 94% of the outstanding shares in connection with its
previously announced public tender offer to acquire Affecto Plc, a
leading provider of business intelligence and enterprise
information management solutions and services. All necessary
regulatory approvals for the completion of the offer have been
obtained and all other conditions of the offer have been satisfied.
The integration of the companies' business operations and the
privatization of Affecto will now begin. This acquisition adds more
than 1,000 highly-skilled professionals to complement CGI's deep
expertise in data intensive technologies.
"We are pleased to welcome Affecto professionals as CGI
members," said George D. Schindler,
President and Chief Executive Officer. "Together, we will continue
executing CGI's build and buy profitable growth strategy,
generating value for clients and creating career opportunities for
our professionals in the Nordics, Baltics and globally."
"CGI's combination with Affecto provides a strong local presence to
support our thousands of commercial and government clients in
achieving operational efficiencies while harnessing innovation to
better serve the digital needs of their customers and citizens,"
added Heikki Nikku, CGI President of Nordic operations. "We look
forward to creating additional business opportunities as a combined
team."
Following the acquisition of Affecto, CGI has more than 9,000
professionals in Northern Europe.
With a deep commitment to being the best in our industry across the
Nordics and around the world, CGI serves as a market leader in
end-to-end IT and business consulting services, solutions and
outsourcing services.
About CGI
Founded in 1976, CGI Group Inc. is the fifth
largest independent information technology and business process
services firm in the world. Approximately 70,000 professionals
serve thousands of global clients from offices and delivery centers
across the Americas, Europe and
Asia Pacific, leveraging a
comprehensive portfolio of services including high-end business and
IT consulting, systems integration, application development and
maintenance, infrastructure management as well as 150 IP-based
services and solutions. With annual revenue in excess of
C$10 billion and an order backlog
exceeding C$20 billion, CGI shares
are listed on the TSX (GIB.A) and the NYSE (GIB). Website:
www.cgi.com.
Forward-Looking Statements
All statements in this
press release that do not directly and exclusively relate to
historical facts constitute "forward-looking statements" within the
meaning of that term in Section 27A of the United States Securities
Act of 1933, as amended, and Section 21E of the United States
Securities Exchange Act of 1934, as amended, and are
"forward-looking information" within the meaning of Canadian
securities laws. These statements and this information represent
CGI's intentions, plans, expectations and beliefs, and are subject
to risks, uncertainties and other factors, of which many are beyond
the control of the Company. These factors could cause actual
results to differ materially from such forward-looking statements
or forward-looking information. These factors include but are not
restricted to: the timing and size of new contracts; acquisitions
and other corporate developments; the ability to attract and retain
qualified members; market competition in the rapidly evolving IT
industry; general economic and business conditions; foreign
exchange and other risks identified in the press release, in CGI's
annual and quarterly Management's Discussion and Analysis
("MD&A"), in CGI's Annual Report, in CGI's Annual Report on
Form 40-F filed with the U.S. Securities and Exchange Commission
(filed on EDGAR at www.sec.gov), and in the Company's Annual
Information Form filed with the Canadian securities authorities
(filed on SEDAR at www.sedar.com), as well as assumptions regarding
the foregoing. The words "believe," "estimate," "expect," "intend,"
"anticipate," "foresee," "plan," and similar expressions and
variations thereof, identify certain of such forward-looking
statements or forward-looking information, which speak only as of
the date on which they are made. In particular, statements relating
to future performance are forward-looking statements and
forward-looking information. CGI disclaims any intention or
obligation to publicly update or revise any forward-looking
statements or forward-looking information, whether as a result of
new information, future events or otherwise, except as required by
applicable law. Readers are cautioned not to place undue reliance
on these forward-looking statements or on this forward-looking
information.
SOURCE CGI Group Inc.