Add-on Acquisition • Business Services

CGI Acquires Acando

On March 11, 2019, CGI acquired business services company Acando for 4.3B SEK

Acquisition Context

This is CGI’s 2nd transaction in the Business Services sector.
This is CGI’s 0th largest (disclosed) transaction.
This is CGI’s 1st transaction in Sweden.

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M&A Deal Summary
Date	March 11, 2019
Target	Acando
Sector	Business Services
Buyer(s)	CGI
Deal Type	Add-on Acquisition
Deal Value	4.3B SEK

Target Company

Acando

Stockholm, Sweden

Acando is a consulting company whose business concept is to create business value in partnership with its customers by enhancing and streamlining processes, organizations, and digital solutions. Acando is based in Stockholm, Sweden.

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Buyer Overview 1

Buyer

CGI

Montreal, Quebec, Canada

Category	Company
Founded	1976
Sector	Information Technology
Employees	93,000
Revenue	14.7B CAD (2024)

DESCRIPTION

CGI is an independent IT and business consulting services firm. CGI was incorporated in 1976 and is based in Montreal, Quebec.

Deal Context for Buyer	#
Overall	8 of 29
Sector: Business Services	2 of 7
Type: Add-on Acquisition	8 of 26
Country: Sweden	1 of 1
Year: 2019	1 of 3

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2018-09-20	ckc AG Braunschweig, Germany ckc AG is a specialized provider of agile software development and management services, with a focus on the automotive sector. ckc was formed in 1989 and is based in Braunschweig, Germany.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2018-09-20

ckc AG

Braunschweig, Germany

ckc AG is a specialized provider of agile software development and management services, with a focus on the automotive sector. ckc was formed in 1989 and is based in Braunschweig, Germany.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2019-09-03	Sunflower Systems San Ramon, California, United States Annams Systems Corp. is a provider of asset management software solutions and services. Annams Systems is based in San Ramon, California.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2019-09-03

Sunflower Systems

San Ramon, California, United States

Annams Systems Corp. is a provider of asset management software solutions and services. Annams Systems is based in San Ramon, California.

Buy

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