back to article Canadian outsourcer CGI to Nordic BI biz: Fancy €98m cold ones, eh?

Canadian outsourcer CGI has made an all-cash offer for the Northern European data analytics firm Affecto. CGI’s offer is for €4.55 per share, which has been described as amounting to €98m and a 29.3 per cent premium, compared with the closing price of Affecto shares on the Nasdaq Helsinki yesterday. The move will give the …

  1. smudge
    Holmes

    Buy and buy...

    “We have what we call a build and buy strategy. In the last 20 years we’ve gone from 1,500 or so people to over 70,000, and there’s almost an even balance between growth acquisition and organic,”

    No. They grow by acquisition. Up until they acquired Logica a few years ago, they doubled in size every 4 years. No way could you do that organically. Even they eventually realised that that was unsustainable.

  2. gerritv

    Working for CGI for 7 months convinced me that it was time to retire.

  3. RumpleWho

    Painful company

    Sign of a desperate IT shop if they need to use CGI.

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