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CGI enters into an exclusivity agreement to acquire Apside, a leading digital and engineering services firm in France

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CGI (TSX: GIB.A) (NYSE: GIB) has signed an exclusivity agreement to acquire Apside, a leading French digital and engineering services firm. The agreement, signed on March 28, 2025, with Apside's main shareholders, involves integrating over 2,500 professionals across 28 offices in six countries.

Apside serves more than 300 clients worldwide, specializing in manufacturing, financial services, insurance, and public sector. The company brings expertise in data, AI, cloud, and cybersecurity. The acquisition would strengthen CGI's presence in France, Canada, Portugal, Belgium, Morocco, and Switzerland.

The transaction, subject to regulatory approvals and employee consultation procedures, is expected to close in June 2025. The merger aims to expand CGI's portfolio by integrating engineering services and enhancing capabilities across manufacturing and financial services sectors.

CGI (TSX: GIB.A) (NYSE: GIB) ha firmato un accordo di esclusività per acquisire Apside, una delle principali aziende francesi di servizi digitali e ingegneristici. L'accordo, firmato il 28 marzo 2025, con i principali azionisti di Apside, prevede l'integrazione di oltre 2.500 professionisti in 28 uffici situati in sei paesi.

Apside serve più di 300 clienti in tutto il mondo, specializzandosi in manifattura, servizi finanziari, assicurazioni e settore pubblico. L'azienda porta competenze in dati, intelligenza artificiale, cloud e cybersecurity. L'acquisizione rafforzerà la presenza di CGI in Francia, Canada, Portogallo, Belgio, Marocco e Svizzera.

La transazione, soggetta ad approvazioni regolamentari e procedure di consultazione dei dipendenti, dovrebbe concludersi a giugno 2025. La fusione mira ad ampliare il portafoglio di CGI integrando servizi di ingegneria e migliorando le capacità nei settori della manifattura e dei servizi finanziari.

CGI (TSX: GIB.A) (NYSE: GIB) ha firmado un acuerdo de exclusividad para adquirir Apside, una destacada empresa francesa de servicios digitales e ingenierías. El acuerdo, firmado el 28 de marzo de 2025, con los principales accionistas de Apside, implica la integración de más de 2,500 profesionales en 28 oficinas en seis países.

Apside atiende a más de 300 clientes en todo el mundo, especializándose en manufactura, servicios financieros, seguros y sector público. La empresa aporta experiencia en datos, inteligencia artificial, nube y ciberseguridad. La adquisición fortalecería la presencia de CGI en Francia, Canadá, Portugal, Bélgica, Marruecos y Suiza.

La transacción, sujeta a aprobaciones regulatorias y procedimientos de consulta con los empleados, se espera que se cierre en junio de 2025. La fusión tiene como objetivo ampliar el portafolio de CGI integrando servicios de ingeniería y mejorando las capacidades en los sectores de manufactura y servicios financieros.

CGI (TSX: GIB.A) (NYSE: GIB)는 프랑스의 선도적인 디지털 및 엔지니어링 서비스 회사인 Apside를 인수하기 위한 독점 계약을 체결했습니다. 이 계약은 2025년 3월 28일 Apside의 주요 주주와 체결되었으며, 6개국에 있는 28개 사무소에서 2,500명 이상의 전문가를 통합하는 내용을 포함합니다.

Apside는 전 세계 300개 이상의 고객에게 서비스를 제공하며, 제조, 금융 서비스, 보험 및 공공 부문에 특화되어 있습니다. 이 회사는 데이터, AI, 클라우드 및 사이버 보안 분야의 전문성을 보유하고 있습니다. 인수는 CGI의 프랑스, 캐나다, 포르투갈, 벨기에, 모로코 및 스위스 내 존재감을 강화할 것입니다.

이 거래는 규제 승인 및 직원 상담 절차에 따라 진행되며, 2025년 6월에 마무리될 것으로 예상됩니다. 합병은 엔지니어링 서비스를 통합하고 제조 및 금융 서비스 분야의 역량을 강화하여 CGI의 포트폴리오를 확장하는 것을 목표로 하고 있습니다.

CGI (TSX: GIB.A) (NYSE: GIB) a signé un accord d'exclusivité pour acquérir Apside, une entreprise française de services numériques et d'ingénierie de premier plan. L'accord, signé le 28 mars 2025, avec les principaux actionnaires d'Apside, prévoit l'intégration de plus de 2 500 professionnels dans 28 bureaux répartis dans six pays.

Apside sert plus de 300 clients dans le monde entier, se spécialisant dans la fabrication, les services financiers, l'assurance et le secteur public. L'entreprise apporte une expertise en matière de données, d'IA, de cloud et de cybersécurité. L'acquisition renforcerait la présence de CGI en France, au Canada, au Portugal, en Belgique, au Maroc et en Suisse.

La transaction, soumise à des approbations réglementaires et à des procédures de consultation des employés, devrait se conclure en juin 2025. La fusion vise à élargir le portefeuille de CGI en intégrant des services d'ingénierie et en améliorant les capacités dans les secteurs de la fabrication et des services financiers.

CGI (TSX: GIB.A) (NYSE: GIB) hat eine Exklusivvereinbarung zur Übernahme von Apside, einem führenden französischen Unternehmen für digitale und Ingenieurdienstleistungen, unterzeichnet. Die Vereinbarung, die am 28. März 2025 mit den Hauptaktionären von Apside unterzeichnet wurde, umfasst die Integration von über 2.500 Fachkräften in 28 Büros in sechs Ländern.

Apside bedient weltweit mehr als 300 Kunden und ist auf Produktion, Finanzdienstleistungen, Versicherungen und den öffentlichen Sektor spezialisiert. Das Unternehmen bringt Fachwissen in den Bereichen Daten, KI, Cloud und Cybersicherheit mit. Die Übernahme würde die Präsenz von CGI in Frankreich, Kanada, Portugal, Belgien, Marokko und der Schweiz stärken.

Die Transaktion, die den behördlichen Genehmigungen und den Verfahren zur Mitarbeiterberatung unterliegt, wird voraussichtlich im Juni 2025 abgeschlossen. Die Fusion zielt darauf ab, das Portfolio von CGI durch die Integration von Ingenieurdienstleistungen zu erweitern und die Fähigkeiten in den Bereichen Produktion und Finanzdienstleistungen zu verbessern.

Positive
  • Strategic expansion of CGI's presence in 6 countries
  • Addition of 2,500+ skilled professionals to workforce
  • Access to 300+ new client relationships
  • Enhancement of capabilities in key growth areas: data, AI, cloud, cybersecurity
  • Strengthening of engineering services portfolio
Negative
  • Regulatory approval process could delay closing
  • Integration challenges with employee consultation requirements
  • Potential cultural integration challenges across multiple countries

Insights

CGI's exclusive agreement to acquire Apside represents a strategic expansion that will significantly enhance the company's presence in France while adding valuable capabilities in key industries. The addition of 2,500 professionals and 28 offices across six countries provides CGI with immediate scale in target markets, particularly strengthening its position in manufacturing and financial services sectors.

This transaction follows CGI's proven growth strategy of acquiring complementary businesses with strong client relationships and technical expertise. Notably, Apside's capabilities in data, AI, cloud, and cybersecurity align perfectly with high-demand service areas. The expansion of CGI's engineering services portfolio through this acquisition creates new cross-selling opportunities across their combined 300+ client base.

While financial terms remain undisclosed, this appears to be a moderately sized, capability-driven acquisition rather than a pure scale play. The transaction structure - including regulatory approvals and employee consultation requirements - indicates a standard European acquisition process with expected closing by June 2025.

The cultural alignment emphasized by both companies' executives should facilitate smoother integration compared to typical cross-border acquisitions. Both organizations share similar founding years, business models focused on client proximity, and operational excellence principles - factors that typically reduce integration risks and accelerate value realization.

CGI's planned acquisition of Apside represents a strategic capability enhancement in France's competitive IT services market. By integrating Apside's engineering services with CGI's existing consulting and managed services portfolio, CGI creates a more comprehensive end-to-end offering that addresses the growing client demand for unified digital and engineering solutions.

The technical synergies are particularly compelling. Apside's expertise in data, AI, cloud and cybersecurity complements CGI's existing capabilities while adding specialized engineering knowledge. This combined offering positions CGI to better capture high-value digital transformation projects that increasingly require both IT and engineering components, especially in the manufacturing sector.

From a talent perspective, the addition of 2,500 professionals with deep industry knowledge across manufacturing and financial services immediately strengthens CGI's delivery capabilities in talent-constrained specialty areas. The geographical expansion beyond France into Belgium, Switzerland, Portugal, Morocco, and Canada creates additional delivery options for multinational clients.

The successful integration will depend on maintaining Apside's client relationships during the transition. The emphasis on shared cultural values and business philosophies suggests management's awareness of this critical success factor. By preserving Apside's client proximity model while introducing CGI's global delivery capabilities, the combined entity can potentially increase wallet share with existing clients while pursuing larger transformation initiatives.

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cgi.com/newsroom

PARIS, March 31, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, today announced the signature of an exclusivity agreement to acquire Apside, a France-based leading digital and engineering services firm. The agreement was signed with Apside's main shareholders, Siparex and investments companies of Crédit Agricole Group.

Operating for almost 50 years, Apside is recognized for its deep industry knowledge in manufacturing, financial services, insurance and mutual health insurance services and public sector, as well as its broad technology expertise in areas such as data, AI, cloud and cybersecurity. The exclusivity agreement was signed on March 28, 2025. The proposed transaction is subject to regulatory approvals and other customary closing conditions, as well as the prior information and consultation of the relevant employee representative bodies. Subject to receiving all required regulatory approvals and completion of the consultation procedures, the proposed transaction is expected to close in June 2025.

With a significant local presence, Apside serves more than 300 clients worldwide and has operations across 28 offices in six countries. Upon successful closing, more than 2,500 professionals would join CGI, deepening the company's local presence in France as well as in Canada, Portugal, Belgium, Morocco and Switzerland.

"The combination of CGI and Apside would contribute strongly to the expansion of CGI in France and would significantly strengthen our capabilities, particularly across manufacturing and financial services. Together, we will strengthen our ability to support clients in achieving their tangible business outcomes. This merger would also enable us to expand our portfolio of end-to-end services by integrating engineering services," said Caroline de Grandmaison, President of CGI's France and Luxembourg operations. "Beyond the complementary nature of our expertise, our two companies also share a common culture and set of values, focused on proximity with our clients as well as the commitment and professionalism of our teams. For Apside employees, joining CGI will enable them to benefit from a stimulating and collaborative working environment in which they can fulfill their professional aspirations. We look forward to welcoming Apside teams and writing a new chapter together."

"Apside and CGI were founded the same year and share similar business models, particularly in terms of client proximity, operational excellence, and leveraging technology to create value," said Valérie Lafdal, Apside President. "I am convinced that both Apside teams and our clients would benefit from this merger, not only because of their shared values but also because CGI's end-to-end service offerings could accelerate the success of their digital transformations."

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-exclusivity-agreement-to-acquire-apside-a-leading-digital-and-engineering-services-firm-in-france-302414638.html

SOURCE CGI Inc.

FAQ

When is CGI's acquisition of Apside expected to close?

The acquisition is expected to close in June 2025, subject to regulatory approvals and employee consultation procedures.

How many employees will join CGI through the Apside acquisition?

More than 2,500 Apside professionals will join CGI upon successful closing of the acquisition.

What are the key markets where GIB will expand through the Apside acquisition?

The acquisition will strengthen CGI's presence in France, Canada, Portugal, Belgium, Morocco, and Switzerland.

What industries does Apside specialize in that will benefit GIB?

Apside specializes in manufacturing, financial services, insurance, mutual health insurance services, and public sector.

How many clients does Apside currently serve that will be added to GIB's portfolio?

Apside serves more than 300 clients worldwide.
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