CGI to acquire Affecto
IT and business process services firm CGI has made an all cash offer of 98 million euros for Helsinki-based Affecto.
Affecto is a provider of business intelligence and enterprise information management solutions and services. The company currently employs more than 1 000 highly-skilled professionals across 18 offices in Finland, Sweden, Norway, Denmark, Poland, Latvia and Lithuania.
“The offer to merge with Affecto aligns with CGI’s plan to profitably double the company in five to seven years through a combination of acquisitions and organic growth,” says George D. Schindler, CGI president and CEO. “In turn, for the benefit of our respective clients, CGI brings Affecto depth and end-to-end capabilities, including access to a network of global and onshore delivery centres, robust intellectual property portfolio, managed services and high-end IT consulting.”
The tender offer is subject to a number of conditions, and the transaction is expected to close in Q1 2018.