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New Deal


Announced

CGI to acquire Sense.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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information technology services

Single Bidder

Pending

United States

Cross Border

Friendly

Majority

Acquisition

Private

IT Services: Other

Synopsis

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CGI, an independent IT and business consulting services firm, agreed to acquire Sense, a provider of information technology service. Financial terms were not disclosed. "This transaction is consistent with CGI's well-articulated build and buy strategy to invest in both transformational and niche acquisitions that will spur future growth and expand coverage in targeted metro markets. By merging forces with Sense Corp, it will have a significant positive impact on our U.S. Texas and Midwest operations while acting as a catalyst for future organic growth for the overall U.S. business," Tim Hurlebaus, CGI President of US Commercial and State Government Operations.

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