M&A Deal Summary

CGI Acquires Celero

On July 4, 2024, CGI acquired information technology company Celero

Acquisition Highlights
  • This is CGI’s 11th transaction in the Information Technology sector.
  • This is CGI’s 2nd transaction in Canada.
  • This is CGI’s 1st transaction in Alberta.

M&A Deal Summary
Date 2024-07-04
Target Celero
Sector Information Technology
Buyer(s) CGI
Deal Type Add-on Acquisition

Target

Celero

Calgary, Alberta, Canada
Celero provides digital technology, integration, and payment solutions to credit unions and financial institutions across Canada. It delivers banking technologies, digital and payment solutions, cloud computing, outsourcing, IT, and advisory services. Celero was formed in 2003 and is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

CGI

Montreal, Quebec, Canada
Category Company
Founded 1976
Sector Information Services
Employees90,000
Revenue 14.3B CAD (2023)
DESCRIPTION

CGI business consulting. Systems integration.IT outsourcing services. CGI was incorporated in 1976 and is based in Montreal, Canada.

DEAL STATS #
Overall 21 of 21
Sector (Information Technology) 11 of 11
Type (Add-on Acquisition) 20 of 20
State (Alberta) 1 of 1
Country (Canada) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-11 Momentum Consulting

Miami Lakes, Florida, United States

Momentum Consulting is a modern technology services firm that directly impacts business outcomes through data & analytics, digital transformation and application modernization solutions. Momentum Consulting was founded in 2002 and is based in Miami Lakes, Florida.

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