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

Comprehensive Data Centre Solutions
UK Wide

Company offers data centre solutions such as design,implementation and ongoing maintenance for public and private sectors. Works with circa 380 active clients, 70% of whom provide repeat and reliable custom. Offers invited.

Asking Price: Offers Invited
Turnover: £6,400,000

LEASEHOLD


SaaS Provider of DMS Solutions
North of England, UK Wide

Develops and supplies innovative DMS solutions to the financial,insurance and medical sectors.Maintains a position at the forefront of technology, offering a selection of office and cloud-based solutions.Premiered a HTML5 DMS solution. Offers invited...

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

LEASEHOLD


Major Infrastructure Projects Multi-Disciplinary Design Consultancy
UK Wide

Provides design consultancy services, specialising in major infrastructure projects in the rail, built environment and energy sectors.Operates internationally, catering to major blue-chip clients, 95% of whom provide regular, repeat business on an on...

Asking Price: Offers Invited
Turnover: £1,400,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
24
 
Jan
 

Hawkin’s Bazaar enters administration | ADMINISTRATION

Norwich-based novelty toy retailer Hawkin’s Bazaar has...

 
23
 
Jan
 

MBO at Bristol-based media training firm | MBO/MBI

Mentor Media Training has been acquired by lead consultant D...

 
22
 
Jan
 

Chelmsford warehouse management firm bought by software provider | BUSINESS SALE

Chelmsford-based warehouse management solutions provider Min...

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