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."
The company utilises advanced web technology to compile in-depth and accurate data, such as pricing, promotions, and product line details. The information can be customised to show product matching, competitor discounts, and offers a clear understand...
The business has developed an industry-recognised application that is tailored to the letting industry, serving independent agents and landlords. The application streamlines property management tasks such as marketing, compliance, accounting, and mai...
Unlike similar HR SaaS businesses, the company differentiates itself through its configurability and add-on modules offering a complete people performance solution. This maximises retention and upsell opportunities with 6 different SaaS modules inclu...
29
|
Mar
|
Caravan and motorhome retailer acquired out of administration | BUSINESS SALE
Administrators have completed the sale of a caravan and moto...
29
|
Mar
|
Financial planning business acquires Staffordshire company | BUSINESS SALE
Wren Sterling, a national financial planning business, has c...
28
|
Mar
|
NI pharmacy group acquires third site | BUSINESS SALE
A family-run community pharmacy group has expanded with the ...
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
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.