300 professionals to join CGI in Northern Germany to strengthen agile
development capabilities and deepen automotive industry
expertise
BRUNSWICK, Germany,
Sept. 20, 2018 /CNW Telbec/
- CGI (NYSE: GIB) (TSX: GIB.A) is pleased to announce its
merger (the "Transaction") with ckc AG ("ckc"), a specialized
provider of agile software development and management services,
with a focus on the automotive sector. A definitive agreement was
entered into on September 19, 2018.
The transaction is subject to regulatory approval and is expected
to close before the end of 2018. Headquartered in Brunswick,
Germany, ckc helps clients meet
the challenges of digitalization through advanced agile software
development, innovative customer experience, mobility, IT
modernization, information security, test and project management,
and change management services.
"We are pleased to welcome ckc professionals to CGI," said CGI
Vice-President Stefan Wichert.
"Ckc's services will strategically complement our existing
portfolio, enabling us to offer clients a broader array of
solutions to drive their digital performance."
"With CGI, we have found the right partner to complement our
expertise in the application and automotive sectors," said
Christian Krentel, ckc's founder.
"Clients will benefit from CGI's end-to-end portfolio of solutions
and services, including a scalable global delivery network and a
commitment to operational excellence. But, perhaps most
importantly, the cultural fit drove our ultimate decision to join
forces with CGI."
With the merger of ckc, CGI strengthens its local client
proximity model by adding two new locations in Brunswick and Halle,
along with more than 300 highly qualified specialists to its
current network of 3,000 professionals across 15 locations in
Germany.
"IT modernization and digital transformation are at the top of
our clients' agendas," said CGI's Torsten Strass, President,
Central & Eastern Europe.
"Together with ckc, we will offer more innovative services and
solutions to our clients as they design and execute their
enterprise-wide digital strategies. I would like to welcome ckc's
highly skilled professionals to the CGI family. We thank you for
your confidence and look forward to working together to
successfully execute our strategic growth plans in fiscal 2019 and
beyond."
About CGI
Founded in 1976, CGI is among the
largest independent IT and business consulting
services firms in the world.
With 74,000 professionals across the globe, CGI delivers
an end-to-end portfolio of capabilities, from IT and business
consulting to systems integration, outsourcing 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. With annual
revenue of C$10.8 billion, CGI
shares are listed on the TSX (GIB.A) and the NYSE
(GIB). Learn more at cgi.com.
Forward-looking information and statements
This press
release contains "forward-looking information" within the meaning
of Canadian securities laws and "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 and other applicable United States safe harbours. All such
forward-looking information and statements are made and disclosed
in reliance upon the safe harbour provisions of applicable Canadian
and United States securities laws.
Forward-looking information and statements include all information
and statements regarding CGI's intentions, plans, expectations,
beliefs, objectives, future performance, and strategy, as well as
any other information or statements that relate to future events or
circumstances and which do not directly and exclusively relate to
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but not always use words such as "believe", "estimate", "expect",
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thereof. These information and statements are based on our
perception of historic trends, current conditions and expected
future developments, as well as other assumptions, both general and
specific, that we believe are appropriate in the circumstances.
Such information and statements are, however, by their very nature,
subject to inherent risks and uncertainties, of which many are
beyond the control of CGI, and which give rise to the possibility
that actual results could differ materially from our expectations
expressed in, or implied by, such forward-looking information or
forward-looking statements. These risks and uncertainties include
but are not restricted to: risks related to the market such as the
level of business activity of our clients, which is affected by
economic conditions, and our ability to negotiate new contracts;
risks related to our industry such as competition and our ability
to attract and retain qualified employees, to develop and expand
our services, to penetrate new markets, and to protect our
intellectual property rights; risks related to our business such as
risks associated with our growth strategy, including the
integration of new operations, financial and operational risks
inherent in worldwide operations, foreign exchange risks, income
tax laws, our ability to negotiate favorable contractual terms, to
deliver our services and to collect receivables, and the
reputational and financial risks attendant to cybersecurity
breaches and other incidents; as well as other risks identified or
incorporated by reference in this press release, in CGI's annual
and quarterly MD&A and in other documents that we make public,
including our filings with the Canadian Securities Administrators
(on SEDAR at www.sedar.com) and the U.S. Securities and
Exchange Commission (on EDGAR at www.sec.gov). Unless otherwise
stated, the forward-looking information and statements contained in
this press release are made as of the date hereof and CGI disclaims
any intention or obligation to publicly update or revise any
forward-looking information or forward-looking statements, whether
as a result of new information, future events or otherwise, except
as required by applicable law. While we believe that our
assumptions on which these forward-looking information and
forward-looking statements are based were reasonable as at the date
of this press release, readers are cautioned not to place undue
reliance on these forward-looking information or statements.
Furthermore, readers are reminded that forward-looking information
and statements are presented for the sole purpose of assisting
investors and others in understanding our objectives, strategic
priorities and business outlook as well as our anticipated
operating environment. Readers are cautioned that such information
may not be appropriate for other purposes. Further information on
the risks that could cause our actual results to differ
significantly from our current expectations may be found in the
section titled "Risk Environment" of CGI's annual and quarterly
MD&A, which is incorporated by reference in this cautionary
statement. We also caution readers that the above-mentioned risks
and the risks disclosed in CGI's annual and quarterly MD&A and
other documents and filings are not the only ones that could affect
us. Additional risks and uncertainties not currently known to us or
that we currently deem to be immaterial could also have a material
adverse effect on our financial position, financial performance,
cash flows, business or reputation.
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SOURCE CGI Group Inc.