M&A Deal Summary

CGI Acquires Acando

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2019-03-11
Target Acando
Sector Business Services
Buyer(s) CGI
Deal Type Add-on Acquisition
Deal Value 4.3B SEK

Target

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(S) 1

Buyer

CGI

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

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

DEAL STATS #
Overall 8 of 23
Sector (Business Services) 2 of 7
Type (Add-on Acquisition) 8 of 21
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 -
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 -
Mergr

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