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."
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.
LEASEHOLD
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...
LEASEHOLD
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...
LEASEHOLD
|
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...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources