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 

$150k-$400k US dollar packages
China and Asia
Our client is a supply chain advisory business which has expanded rapidly in Asia. They have opportunities for Manager and Principal Level candidates.  General Expectations: • Lead the client
£120k plus 20% bonus, plus £...
Central London and UK
Our client inspires healthy habits for real life. They meet ther members where they are and leverage the latest nutritional and behavioral science to help them eat healthier, move more
£60k-£80k plus bonus, benefi...
Central London and UK
Our client has a strong record of working with C-level leaders in major private and public sector organisations, directly addressing their greatest strategic challenges
£30k-£70k plus bonus, benefi...
Opportunities in London, Bristol, Manc...
  Resume - William Ng Are you looking for an opportunity to work at the cutting edge of public service reform?  Our client are seeking a highly-professional
£28K - £45K base + bonus, be...
Central London
My client is an award winning London based Technology & Media - Research & Strategy Boutique Consulting Firm.  They are looking for a Business Analyst with consulting