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 

Dependent on experience
London, Milton Keynes
We are working with the procurement arm of an international bank. Their consultancy services aim to perform a comprehensive optimisation of the procurement function - they combine vast practical
£25-30,000
Milton Keynes
We are working with the procurement arm of an international bank. They combine vast practical experience in spend management with methodologies to redesign processes and organisational structures
£23-25,000
Milton Keynes
We are working with the procurement arm of an international bank. They combine vast practical experience in spend management with methodologies to redesign processes and organisational structures
50K€ to 80K€ + Bonus
Paris
Our client is a Paris-based consultancy set up by a team of experts in the Financial Services consulting field. Their clients include leading banks, insurance companies and FinTech
£55K-£75K
London
Pharma Consulting Role at Customer Experience Consultancy Our client is a London-based consultancy that use Customer Experience Management to help their clients in a variety of sectors to achieve