M&A Deal Summary

CGI Acquires Apside

On March 31, 2025, CGI acquired information technology company Apside from IDIA Capital Investissement and Sofipaca Capital Investissement

Acquisition Highlights
  • This is CGI’s 17th transaction in the Information Technology sector.
  • This is CGI’s 4th transaction in France.

M&A Deal Summary

Date 2025-03-31
Target Apside
Sector Information Technology
Buyer(s) CGI
Sellers(s) IDIA Capital Investissement
Sofipaca Capital Investissement
Deal Type Add-on Acquisition

Target

Apside

Boulogne Billancourt, France
Apside engages in technological and industrial engineering, particularly for the aeronautics, space, defense, and automotive sectors; engineering of information systems and digital solutions for the banking/finance/insurance and telecom sectors; and outsourcing for large tertiary accounts. Apside was founded in 1976 and is based in Billancourt, France.

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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 27 of 27
Sector (Information Technology) 17 of 17
Type (Add-on Acquisition) 25 of 25
Country (France) 4 of 4
Year (2025) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-25 Momentum Technologies

Québec, Quebec, Canada

Momentum Technologies is an IT consulting services company, specializing in data analytics and business intelligence. The company also specializes in managed services, cloud computing, and enterprise software development, empowering organizations with scalable, secure, and customized technology solutions. Momentum Technologies was formed in 2003 and is based in Québec City.

Buy -

Seller(S) 2

SELLER

IDIA Capital Investissement

Paris, France

Investor Investor Investor Investor Investor


Category Corporate Investor
Founded 1980
PE ASSETS 2.0B EUR
Size Large
Type Sector Focused
DESCRIPTION

IDIA Capital is a long-term agroindustry investor. Specific areas of interest include sectors related to the food industry, wine, agriculture production, and forestry. IDIA typically provides growth capital and can commit €2 to €50 million per transaction. IDIA is a unit of Crédit Agricole Group’s Private Equity & Finance Division. The Firm is based in Paris.


DEAL STATS #
Overall 5 of 5
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 3 of 3
Country (France) 5 of 5
Year (2025) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-20 LMB Fans & Motors

Malemort-sur-Correze, France

LMB Fans & Motors is a provider of military & aerospace grade AC/DC fans, blowers, motors, and specialized rotating machines. LMB Fans & Motors was founded in 1941 and is based in Malemort-sur-Correze, France.

Sell €365M
DESCRIPTION

Sofipaca Capital Investissement is a private equity firm focused on minority investments (up to 30% equity) in small, growth-oriented French companies. The Firm targets profitable companies operating in traditional industries and looks to invest up to €3 million per transaction. Sofipaca Capital Investissement was established in 1984 and is headquartered in Aix-en-Provence.


DEAL STATS #
Overall 4 of 4
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (France) 4 of 4
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-21 Hermès/Plage

Marseille, France

Hermès/Plage is a group of veterinary clinics comprising four establishments located in Marseille (3) and Aubagne (1). The group is recognized for its multidisciplinary approach in the treatment of animals such as dogs, cats and new pets (nac). Hermès/Plage was founded in 1995 and is based in Marseille, France.

Buy -