The Canadian IT and management consulting group will acquire the French digital data and business solutions specialist.
CGI has announced an agreement to acquire Umanis, a company specializing in digital data and business solutions. The proposed transaction involves a two-phase buyout via a 70.6% controlling stake in Umanis, followed by a mandatory simplified tender offer.
The price per share of €17.15 “represents a premium of 45.96% over Umanis’ last closing price,” CGI said in its press release.
“The combination of CGI and Umanis’ activities will further strengthen our presence and positioning in Western and Southern Europe. This transaction is consistent with our Build & Buy strategy to generate profitable external growth while serving as a catalyst for future organic growth,” said George Schindler, President and CEO of CGI.
Laurent Piepszownik, Executive Chairman of Umanis, said: “I founded Umanis in 1990, which went public in 1998, and I am particularly proud of the company’s track record and the value created for all our shareholders over the past few years. In the future, Umanis employees and clients will benefit greatly from the support of CGI, with whom we share a common vision and values.
Founded in 1976 and headquartered in Montreal, CGI is an independent information technology and management consulting firm. The Canadian group has 82,000 consultants worldwide, including 200 in Luxembourg.
It specializes in strategic IT consulting and systems integration management, IT and business process outsourcing services, and intellectual property solutions.
Umanis, a digital services company specializing in data, digital and enterprise solutions, has been operating for more than 30 years mainly in the French market.
Its expertise covers big data and artificial intelligence, infrastructure and cloud services, digital experience, business solution integration and business process outsourcing (BPO).
Headquartered in Paris, it employs approximately 3,000 people in France, Luxembourg, Spain, Morocco and Switzerland.
