SCISYS Group acquisition completed

Thu, 19 Dec 2019 | BUSINESS SALE



The acquisition of SCISYS Group by Canada-headquartered IT services company CGI has been completed. CGI agreed the deal to acquire Dublin-based SCISYS in June for £78.9 million, it was expected to complete in November but was delayed ahead of the December 12 UK general election.

SCISYS employs around 670 staff and operates from its registered office in Dublin as well as from UK offices in Bristol, Chippenham, Leicester and Reading, along with four German offices: Bochum; Darmstadt; Dortmund and Munich. Originally headquartered in Chippenham, the company relocated to Dublin to avoid losing business on EU space programs.

The company works across several sectors, including as a developer of information and communications technology, web and mobile applications and advanced technology systems. One of its main offerings is as a provider of satellite ground segment infrastructure for customers such as the European Commission. It reported £29.4 million in revenue for the first six months of 2019, up 2 percent.

SCISYS Chairman Mike Love said: "With the completion of the acquisition of SCISYS by CGI the current directors of SCISYS will be resigning and will be replaced by new directors appointed by CGI," said SCISYS chairman Mike Love.

"This marks the end of a 40-year epoch during which SCISYS traded as an independent company. Its growth and success over this period has been entirely due to the collective efforts of many individuals.” He added: "We wish the current team and CGI every success going forward."

Tara McGeehan, CGI president of UK operations, added: "We are very excited for the SCISYS team to be joining us. The merger unites two great companies that share a dedication to their employees, clients and the communities they serve."


Share this article



Latest Businesses for Sale

Telecoms & IT Services Provider
London, UK

An opportunity to acquire a UK-based telecoms and IT multi-layered services provider delivering leading edge services to contracted telecoms partners. Successful model operating for over 17 years, in 3 different countries. Significant professional fr...

Asking Price: Offers Invited
Turnover: £2,700,000

Integrated Gas Chromatography Solutions
Aberdeenshire, Scotland, UK

Offers innovative solutions to optimise gas chromatography, including consultancy and training services, in addition to supplying condition-based monitoring software to clients in the upstream oil and gas sector. Operates from leasehold premises in S...

Asking Price: Offers Invited
Turnover: £733,000

LEASEHOLD


Microsoft Independent Software Vendor Partner
Midlands, UK Wide

Microsoft 365 ISV & Services Partner – Healthcare and Public Sector. An opportunity has arisen to purchase an established Microsoft Independent Software Vendor Partner (ISV) providing Software, ‘SaaS’ and Services for Microsoft 365 Information Manage...

Asking Price: Offers Invited
Turnover: £1,200,000


View more businesses for sale

News Search

Latest News

 
10
 
Jul
 

Mobile phone supplier and recycler goes into administration | ADMINISTRATION

Mobile phone refurbishment company Redeem UK has gone into a...

 
09
 
Jul
 

John Lewis to close eight stores as COVID-19 accelerates shift to online | BUSINESS NEWS

Department store chain John Lewis has said that eight of its...

 
09
 
Jul
 

Chancellor cuts VAT on hospitality as part of £30 billion rescue plan | BUSINESS NEWS

Chancellor Rishi Sunak has announced a £30 billion pla...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources