CGI takes Logic on

Automation expert CGI Holding Europe has made an offer on Logic, so you made CGI Thursday morning known. The boards of directors of both companies have reached agreement on the acquisition, which 2.1 billion euro.

CGI Holding Europe, a member of the Canadian CGI group, has 1.7 billion pounds, converted to 2.1 billion euros, provided for Logic. CGI expects the acquisition at the end of september is completed. Logic is struggling with disappointing results, and was last year forced a reorganisation in progress; which is now completed, which employs 1300 jobs have disappeared.

The ceo of CGI, Michael Roach, thinks that his company is “the right acquisition at the right time for the right price’ has done. The chairman of the board of directors of Logic, David Tyler, says in his turn that the automation expert good progress has been made in Europe and that, for example, outsourcing is now 45 percent of its business is in, but that the board of directors believes that the merger with CGI to an internationally stronger position.

CGI was established in 1976 and now employs 31,000 people in the company, which has its headquarters in the Canadian Montreal. Logic is originally British, and the company is even older than CGI; it is founded in 1969. Currently, there are 41.000 people with Logic.