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

May 31, 2022•about 3 years ago

Acquiring Company

CGI

Acquired Company

Umanis

MontrealSoftwareNatural ResourcesSustainabilityOther

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

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 82,000 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 C$12.13 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.

FundzWatch™ Score

69
High M&A Activity

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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