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CGI Group

CGI Group Inc., a leading global provider of IT and business process services with offices in Pittsburgh, has announced a recommended cash acquisition of Logica for 105 pence (C$1.68) per ordinary share equivalent to a total purchase price of £1.7 billion (C$2.8 billion) plus the assumption of Logica’s net debt of £322 million (C$515 million) as of December 31, 2011.

A leading IT and business process services provider, CGI has approximately 26,500 professionals operating in 100+ offices worldwide. CGI has developed and evolved a comprehensive portfolio of services—including consulting, systems integration, the full management of end-to-end IT and business functions, and 100+ proprietary solutions—to serve as clients’ full-service provider in improving all facets of their operations.

Read the official press announcement here.

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