CGI (TSX: GIB.A) (NYSE: GIB) announced today the completion of the previously announced public tender offer of CGI Nordic Holdings Limited, its wholly owned indirect subsidiary, to acquire Acando AB (publ), a leading IT management and consulting services firm in Northern Europe and Germany. The offer has been accepted to such an extent that CGI now owns approximately 93.7% of the outstanding shares of Acando corresponding to approximately 94.3% of the outstanding votes. All necessary regulatory approvals for the completion of the offer have been obtained, all other conditions of the offer have been satisfied or waived and CGI has decided to complete the offer. This acquisition of Acando will add more than 2,100 highly skilled consultants to CGI from five countries across Europe, notably in the major metro markets of Stockholm, Sweden, Oslo, Norway and Hamburg, Germany.
With significant strategic consulting, systems integration and customer-centric digital innovation capabilities, Acando will complement CGI’s global footprint and expertise across key sectors, including manufacturing, retail and government.
“We look forward to welcoming Acando professionals as CGI members,” said George D. Schindler, President and Chief Executive Officer. “Acando’s approach to business consulting and digital innovation will strengthen CGI’s end-to-end services offering for the benefit of our clients.”
“Acando is a great cultural fit for CGI, providing experts who are passionate problem solvers with trusted client relationships and a strong reputation for client satisfaction,” said Heikki Nikku, President of CGI’s Northern Europe operations. “Together, we look forward to creating additional business opportunities as a combined team of highly skilled innovators who share a passion for delivering excellence.”
With this acquisition, CGI now has more than 10,000 consultants in Northern Europe and 4,000 consultants in Germany. With a deep commitment to being the best in the IT industry across the Nordics and around the world, CGI serves as a market leader in delivering end-to-end IT and business consulting services, solutions and outsourcing services.