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Cgi Completes The Block Purchase In Connection With Its Proposed Acquisition Of Umanis

May 31, 2022•over 3 years ago

Acquiring Company

CGI

Acquired Company

Umanis

MontrealInformation TechnologySoftwareOtherSustainabilityNatural Resources

Description

As part of the proposed acquisition of Umanis SA ("Umanis") by CGI Inc. ("CGI") through its subsidiary CGI France SAS ("CGI France") announced on March 11, 2022, CGI France and Umanis (Euronext Growth - FR0013263878 - ALUMS) announce the completion today of the acquisition of all the shares of Umanis held by MURA (controlled by M. Laurent Piepszownik) and the Pouligny Family, representing approximately 70.6% of Umanis' share capital, at a price of €17.15 per share (the "Block Acquisition").

Company Information

Company

CGI

Location

Montreal, Quebec, Canada

About

CGI is one of the world’s largest independent IT and business consulting firms, founded in 1976 and supported by 82,000 professionals globally. The company provides a full end-to-end portfolio of services—including strategic consulting, systems integration, managed IT and business process services, and intellectual property solutions—delivered through a local relationship model backed by a global delivery network. CGI helps clients accelerate digital transformation and achieve measurable results, generating C$12.13 billion in revenue in Fiscal 2021, with shares traded on the TSX (GIB.A) and NYSE (GIB).

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed