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PARIS, May 30, 2022
/CNW Telbec/ - CGI (NYSE: GIB) (TSX: GIB.A) has completed, through
its subsidiary CGI France SAS ("CGI France"), the previously
announced acquisition of Harwell Management, a leading management
consulting firm specializing in financial services for the French
market. As the demand for management consulting services rises
worldwide, CGI continues to broaden its capabilities to ensure the
delivery of end-to-end capabilities, deep industry knowledge and
experience, close collaboration, and trusted partnership for
clients in France and across the
globe.
Founded in 2009, Harwell Management has 150 employees who will
join CGI Business Consulting in France, expanding its offerings in various
financial services segments, including retail banking, corporate
and investment banking, capital markets, insurance and healthcare
mutuals, as well as other specialized financial services, such as
leasing, personal financing and factoring.
"Joining together with Harwell Management enables us to provide
a broader range of consulting support for our clients across the
entire financial services value chain," said Laurent Gerin, President, Western and
Southern Europe, CGI. "The merger
also acts as a catalyst for CGI's organic growth strategy to the
benefit of all CGI stakeholders—employees, clients, and
shareholders. I am delighted to welcome the Harwell Management team
to CGI."
"Our 800 consultants within CGI Business Consulting join me in
warmly welcoming the 150 consultants of Harwell Management," said
Pierre-Dominique Martin, Senior Vice
President, CGI Business Consulting. "We share a common corporate
culture and core values. This merger gives us the opportunity to
consolidate our capabilities and accelerate our unique,
value-driven consulting approach for financial services
clients."
"We are honored to join the CGI Business Consulting team.
Together, we are committed to delivering a high level of
performance for our clients, offering excellent career
opportunities to all our employees, and strengthening the
positioning of CGI Business Consulting as the strategic partner of
choice for organizations within the financial sector." said Franck
Benzoni and Christophe Da Cunha,
founders of Harwell Management.
About CGI
Founded in 1976, CGI is among the largest independent IT and
business consulting services firms in the world. With 84,000
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 2021
reported revenue is $12.13 billion
and 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
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Securities Litigation Reform Act of 1995 and other applicable
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such forward-looking information and statements are made and
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Forward-looking information and statements include all
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specific, that we believe are appropriate in the circumstances.
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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
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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 and political conditions, additional
external risks (such as pandemics, armed conflict and inflation)
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
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rights; risks related to our business such as risks associated with
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financial risks such as liquidity needs and requirements,
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and credit ratings; 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). For a discussion of risks in
response to the coronavirus (COVID-19) pandemic, see Pandemic risks
in section 8.1.1. of our Q2 2022 MD&A.
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
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reasonable as at the date of this press release, readers are
cautioned not to place undue reliance on these forward-looking
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Furthermore, readers are reminded that forward-looking
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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
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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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content:https://www.prnewswire.com/news-releases/cgi-completes-acquisition-of-french-based-harwell-management-to-offer-a-broader-range-of-financial-consulting-services-301557250.html
SOURCE CGI Inc.