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CGI Group

CGI Group Inc., a leading global provider of IT and business process services with offices in Pittsburgh, has announced a recommended cash acquisition of Logica for 105 pence (C$1.68) per ordinary share equivalent to a total purchase price of £1.7 billion (C$2.8 billion) plus the assumption of Logica’s net debt of £322 million (C$515 million) as of December 31, 2011.

A leading IT and business process services provider, CGI has approximately 26,500 professionals operating in 100+ offices worldwide. CGI has developed and evolved a comprehensive portfolio of services—including consulting, systems integration, the full management of end-to-end IT and business functions, and 100+ proprietary solutions—to serve as clients’ full-service provider in improving all facets of their operations.

Read the official press announcement here.

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Author: techburgher

Jonathan runs Visibility Initiatives at the Pittsburgh Technology Council. The Council is the nation’s largest IT trade association with 1,350 members. One of our platforms is to provide visibility to Pittsburgh tech companies and the industry in general.