Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / SCISYS Group acquisition completed

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

Digital Learning Platform Provider
South East, UK

A leading digital learning management/experience platform provider. The platform enables an organisation to instil a learning culture and provide a place where employees can go to create their own learning solutions, using e-learning, events and soci...

Asking Price: Offers Invited
Turnover: £950,000

RELOCATABLE


IT Service Provider
UK Wide, South East

Provides fully managed technical support, hardware supply, telephony services and cloud-based solutions. Serves small to medium sized customers across a diverse range of sectors, including education, mechanical and electrical and environmental. 85 ac...

Asking Price: Offers Invited
Turnover: £1,360,000

LEASEHOLD


Provider Of Intuitive Salesforce Sales Performance Applications
UK Wide

Highly regarded SaaS software business operating over a span of 13 years. Develops a comprehensive range of sales performance applications, encompassing relationship mapping, account development and deal management solutions.

Asking Price: Offers Invited
Turnover: £869,000

RELOCATABLE



View more businesses for sale

News Search

Latest News

 
24
 
Feb
 

Nestlé acquires recipe kit firm SimplyCook | BUSINESS SALE

Nestlé has strengthened its position in the e-commerc...

 
23
 
Feb
 

Lockdown exit: What does the road map look like for UK businesses? | BUSINESS NEWS

After a winter spent almost entirely in lockdown, the govern...

 
22
 
Feb
 

Modular Group acquires Euramax Solutions with BFS backing | BUSINESS SALE

Modular Group Investments has acquired Barnsley-based window...

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

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.