CGI: Made 78.9m all-cash offer for SCISYS

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CGI: Made 78.9m all-cash offer for SCISYS

CGI: Canadian IT consulting firm, has made 78.9m all-cash offer for Dublin-based company SCISYS

  • CGI will pay 254.15p per share for SCISYS , leading provider of IT services in the UK and Germany
  • The offer has unanimously recommended by the SCISYS board of directors
  • SCISYS employees around 670 people and has an annual revenue of about £58.4 million
  • CGI’s offer to merge operations with SCISYS Build and Buy strategy
  • It provides opportunities to expand in the UK and Germany
  • The transaction expected to close during the second half of 2019