Accessability Links
Cookies on our website
By continuing to use this website we will assume you are happy to receive cookies as outlined in our cookie policy
Accept Policy

Logica set for buy-out

Jun 14
Tags: Logica, UK: London
Share this story:
Logica set for buy-out

Major IT and business process services provider CGI Group Inc. has announced its acquisition of Logica.

The company will take over the UK-based firm in a deal worth $1.7 billion (£1 billion) culminating in a bid of 105p for every share within Logica and is designed to create a technology champion across the US, Europe and Asia.

CGI officials believe that the transaction will deliver substantial financial benefits through the realisation of annual integration dividends of £125 million at the close of the third financial year after the deal has been made.

Logica's board of directors has given its full backing to the agreement and has recommended it to its shareholders.

Michael E. Roach, president and chief executive of CGI, said: "It further underscores our ongoing commitment to support our clients as they expand their businesses locally and globally. In addition to operational breadth and depth, the combined business will have critical mass and key blue chip client relationships."

This article was brought to you by Mindbench, the award winning management consultant recruitment provider.

Share this story:
Add new comment
Jobs Related to this Post
5 result(s) found 
Page 1 of 1 

£35k-£50k plus excellent bon...
Choice of London, Switzerland and Germ...
Our client is actively seeking exceptional individuals to join their team as Business Analysts in London They are a boutique management consultancy. They partner with private equity firms and
€80k-€90k plus bonus, benefits
Amsterdam, Dutch language not required...
Our client is the consultancy arm of a global integrated marketing agency network. They help our clients grow through disruptions by delivering improved customer experiences
£70k-£100k plus bonus, benef...
Central London
As a communications and culture consultancy that is built around purpose, values and sustainability, every single project that our client delivers makes the world a little bit happier and healthier -
£50k + (OTE £85k+)
About: Our client is a global learning solutions and technology provider to the financial services market in the UK. They have a large variety of products through which they educate over 2m
£80k-£100k plus bonus, benef...
London and Midlands
Our client is growing the work they are doing in the Utilities sector. They are looking for a  Managing Consultant or Principal Consultant to be a member of their Core and / or Operations team