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CGI enters into an agreement for the acquisition of BJSS, a leading UK technology and engineering consultancy

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CGI (NYSE: GIB) has announced a share purchase agreement to acquire BJSS, a major UK-based technology and engineering consultancy. The transaction, announced on January 29, 2025, is expected to close in February 2025, subject to regulatory approvals.

The acquisition will add over 2,400 skilled professionals to CGI's workforce, strengthening its UK presence across key sectors including retail, health, government, financial services, and energy & utilities. Founded in 1993, BJSS specializes in technology strategy, customer experience design, managed services, software engineering, AI, data and insights, cloud solutions, and cybersecurity services.

Following the acquisition, CGI will operate across 26 locations in the UK, implementing a proximity-based model while leveraging its international presence. The merger aims to enhance service delivery capabilities and create new opportunities for employees, with BJSS staff gaining access to CGI's employee ownership culture.

CGI (NYSE: GIB) ha annunciato un accordo di acquisto di azioni per acquisire BJSS, una importante società di consulenza nel settore tecnologico e ingegneristico con sede nel Regno Unito. La transazione, annunciata il 29 gennaio 2025, dovrebbe concludersi a febbraio 2025, soggetta ad approvazioni regolatorie.

L'acquisizione porterà oltre 2.400 professionisti qualificati a lavorare per CGI, rafforzando la sua presenza nel Regno Unito in settori chiave come il commercio al dettaglio, la salute, il governo, i servizi finanziari e l'energia e le utility. Fondata nel 1993, BJSS si specializza in strategia tecnologica, progettazione dell'esperienza del cliente, servizi gestiti, ingegneria del software, intelligenza artificiale, analisi dei dati, soluzioni cloud e servizi di sicurezza informatica.

Dopo l'acquisizione, CGI opererà in 26 sedi nel Regno Unito, implementando un modello basato sulla prossimità e sfruttando la sua presenza internazionale. L'unione mira a migliorare la capacità di fornitura dei servizi e a creare nuove opportunità per i dipendenti, con il personale di BJSS che avrà accesso alla cultura di proprietà dei dipendenti di CGI.

CGI (NYSE: GIB) ha anunciado un acuerdo de compra de acciones para adquirir BJSS, una importante consultoría tecnológica e ingenieril con sede en el Reino Unido. La transacción, anunciada el 29 de enero de 2025, se espera que se cierre en febrero de 2025, sujeto a aprobaciones regulatorias.

La adquisición agregará más de 2,400 profesionales calificados a la fuerza laboral de CGI, fortaleciendo su presencia en el Reino Unido en sectores clave como el comercio minorista, la salud, el gobierno, los servicios financieros y la energía y servicios públicos. Fundada en 1993, BJSS se especializa en estrategia tecnológica, diseño de experiencia del cliente, servicios administrados, ingeniería de software, inteligencia artificial, datos e información, soluciones en la nube y servicios de ciberseguridad.

Tras la adquisición, CGI operará en 26 ubicaciones en el Reino Unido, implementando un modelo basado en la proximidad y aprovechando su presencia internacional. La fusión tiene como objetivo mejorar la capacidad de entrega de servicios y crear nuevas oportunidades para los empleados, con el personal de BJSS accediendo a la cultura de propiedad de empleados de CGI.

CGI (NYSE: GIB)는 영국에 본사를 둔 주요 기술 및 공학 컨설팅 회사 BJSS를 인수하기 위한 주식 매입 계약을 발표했습니다. 이번 거래는 2025년 1월 29일에 발표되었으며, 규제 승인을 조건으로 2025년 2월에 마감될 것으로 예상됩니다.

이번 인수로 2,400명 이상의 숙련된 전문가가 CGI의 인력에 추가되어 소매, 건강, 정부, 금융 서비스, 에너지 및 유틸리티와 같은 주요 분야에서 영국 내 존재감을 강화하게 됩니다. 1993년에 설립된 BJSS는 기술 전략, 고객 경험 디자인, 관리 서비스, 소프트웨어 엔지니어링, 인공지능, 데이터 및 통찰력, 클라우드 솔루션, 사이버 보안 서비스 등에서 전문성을 갖추고 있습니다.

인수 이후 CGI는 영국 26곳에서 운영하게 되며, 근접성 기반 모델을 구현하면서 국제적 존재감을 활용할 것입니다. 이번 합병은 서비스 제공 능력을 향상하고 직원들에게 새로운 기회를 창출하는 것을 목표로 하며, BJSS 직원들이 CGI의 직원 소유 문화에 접근하게 됩니다.

CGI (NYSE: GIB) a annoncé un accord d'achat d'actions pour acquérir BJSS, un important cabinet de conseil en technologie et ingénierie basé au Royaume-Uni. La transaction, annoncée le 29 janvier 2025, devrait être finalisée en février 2025, sous réserve des approbations réglementaires.

Cette acquisition ajoutera plus de 2 400 professionnels qualifiés à la main-d'œuvre de CGI, renforçant sa présence au Royaume-Uni dans des secteurs clés tels que le commerce de détail, la santé, le gouvernement, les services financiers, ainsi que l'énergie et les services publics. Fondée en 1993, BJSS se spécialise dans la stratégie technologique, la conception de l'expérience client, les services gérés, l'ingénierie logicielle, l'intelligence artificielle, les données et les insights, les solutions cloud, ainsi que les services de cybersécurité.

Après l'acquisition, CGI opérera dans 26 emplacements au Royaume-Uni, mettant en œuvre un modèle basé sur la proximité tout en tirant parti de sa présence internationale. La fusion vise à améliorer les capacités de prestation de services et à créer de nouvelles opportunités pour les employés, le personnel de BJSS ayant accès à la culture de propriété des employés de CGI.

CGI (NYSE: GIB) hat eine Vereinbarung zur Aktienübernahme zur Akquisition von BJSS, einer bedeutenden britischen Technologie- und Ingenieurbüro, angekündigt. Die Transaktion, die am 29. Januar 2025 bekannt gegeben wurde, soll im Februar 2025 abgeschlossen werden, vorbehaltlich der behördlichen Genehmigungen.

Die Akquisition wird über 2.400 qualifizierte Fachkräfte in die Belegschaft von CGI einbringen und die Präsenz in Großbritannien in wichtigen Sektoren wie Einzelhandel, Gesundheit, Regierung, Finanzdienstleistungen sowie Energie und Versorgungsunternehmen stärken. BJSS, 1993 gegründet, ist auf Technologiebewertungen, Benutzererfahrungsdesign, verwaltete Dienste, Software-Engineering, KI, Daten und Einblicke, Cloud-Lösungen sowie Cybersicherheitsdienste spezialisiert.

Nach der Akquisition wird CGI an 26 Standorten in Großbritannien tätig sein und ein standortbasiertes Modell umsetzen, während die internationale Präsenz genutzt wird. Die Fusion zielt darauf ab, die Servicebereitstellung zu verbessern und neue Chancen für die Mitarbeiter zu schaffen, wobei BJSS-Mitarbeiter Zugang zur Mitarbeiterbeteiligungskultur von CGI erhalten.

Positive
  • Acquisition adds 2,400 skilled IT professionals to CGI's workforce
  • Expands CGI's presence to 26 locations across the UK
  • Strengthens capabilities in key sectors including retail, health, government, financial services
  • Enhances service portfolio with BJSS's expertise in AI, cloud, cybersecurity, and software engineering
Negative
  • None.

Insights

This strategic acquisition marks a significant expansion move for CGI in the UK market, particularly noteworthy given BJSS's position as one of the UK's largest independent IT consultancies. The integration of 2,400 skilled professionals will substantially boost CGI's delivery capabilities across 26 UK locations, strengthening its proximity-based service model.

The acquisition presents multiple strategic advantages: First, it provides immediate scale in high-growth sectors including financial services, healthcare and government - areas experiencing increased digital transformation demands. Second, BJSS's expertise in AI, cloud solutions and cybersecurity perfectly complements CGI's existing service portfolio, enabling more comprehensive end-to-end solutions.

From a market positioning perspective, this move significantly enhances CGI's competitive stance against major players like Accenture and Capgemini in the UK market. The timing is particularly strategic given the increasing demand for digital transformation services and the growing importance of local delivery capabilities in post-Brexit Britain.

The cultural alignment and shared focus on employee ownership between both companies suggests a smoother integration process, which is important for maintaining client relationships and employee retention. This aspect is particularly valuable considering the current tight market for tech talent in the UK.

For investors, this acquisition represents a clear execution of CGI's build-and-buy growth strategy, with potential for revenue synergies through cross-selling opportunities and cost synergies through operational consolidation. The expansion of CGI's UK footprint should provide enhanced resilience to regional market fluctuations and improved access to both public and private sector opportunities.

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www.cgi.com/newsroom

Acquisition will accelerate CGI's UK-wide expansion, deepening the firm's presence across key commercial industry sectors as well as public sector 

LONDON, Jan. 29, 2025 /PRNewswire/ - CGI (NYSE: GIB) (TSX: GIB.A) today announced the signature of a share purchase agreement on January 29, 2025, to acquire BJSS, a UK-based technology and engineering consultancy known for its innovative IT solutions, software engineering expertise and delivery excellence. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in February 2025.

More than 2,400 highly skilled consultants and professionals will join CGI, deepening the company's operations across the UK in key industry sectors such as retail, health, government, financial services and energy & utilities.

Founded in 1993, BJSS is one of the UK's largest independent IT and software engineering consultancies. The company partners with clients to deliver large-scale high-quality software systems and address complex technology challenges through services such as technology strategy and delivery, customer experience design, managed services, software engineering, artificial intelligence (AI), data and insights, cloud and platform solutions, and cybersecurity services.

"BJSS has a well-earned reputation for delivering exceptional value to its clients, driven by technical excellence and innovative thinking," said Tara McGeehan, President of CGI's UK and Australia operations. "By joining forces, we will strengthen our ability to help clients across the private and public sectors achieve measurable outcomes, such as driving efficiencies, improving customer experiences and generating business growth."

McGeehan added, "Our companies share a strong cultural alignment and pride in helping clients solve complex challenges to deliver value. BJSS employees will benefit from CGI's ownership culture, which empowers all employees to become company owners and actively shape our future direction, whilst providing an enjoyable and collaborative working environment where they can fulfil their career potential."

Glynn Robinson, BJSS Chairman commented: "Joining CGI represents an exciting new chapter for BJSS. Both CGI and BJSS share a commitment to sustainability, employee engagement and long-term client relationships. Together, we can leverage our complementary strengths to deliver even greater value for our clients while creating new opportunities for our talented team."

Upon successful completion of the acquisition, CGI will have operations across 26 locations in the UK, enabling our consultants to partner with clients through a proximity-based model, while drawing on the support of the company's broad international presence and wide range of services to deliver value.

About CGI

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2024 reported revenue is CA$14.68 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.

Cision View original content:https://www.prnewswire.com/news-releases/cgi-enters-into-an-agreement-for-the-acquisition-of-bjss-a-leading-uk-technology-and-engineering-consultancy-302362882.html

SOURCE CGI Inc.

FAQ

When will CGI (GIB) complete the acquisition of BJSS?

The acquisition is expected to close in February 2025, subject to regulatory approvals and customary closing conditions.

How many employees will join CGI through the BJSS acquisition?

More than 2,400 highly skilled consultants and professionals from BJSS will join CGI through this acquisition.

What industries will CGI strengthen through the BJSS acquisition?

The acquisition will strengthen CGI's presence in retail, health, government, financial services, and energy & utilities sectors.

How many UK locations will CGI have after the BJSS acquisition?

Following the successful completion of the acquisition, CGI will have operations across 26 locations in the UK.

What key services does BJSS bring to CGI's portfolio?

BJSS brings expertise in technology strategy, customer experience design, managed services, software engineering, AI, data and insights, cloud solutions, and cybersecurity services.

CGI Inc.

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