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CGI Group unit closes SCISYS acquisition


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CGI Group unit closes SCISYS acquisition

CGI Group Holdings Europe Ltd., a wholly owned indirect subsidiary of CGI Group Inc., completed its acquisition of SCISYS Group PLC's issued and to be issued share capital.

CGI Group Holdings Europe agreed to acquire SCISYS for £75.8 million, according to S&P Global Market Intelligence. The deal will add over 670 professionals to CGI, according to a Dec. 18 news release.

SCISYS, predominantly based in the U.K. and Germany, provides services in various sectors, such as space and defense, as well as media and broadcast news.