CGI Group to acquire Arlington systems integration
- May 7, 2010
CGI Group of Montreal has agreed to purchase Stanley Inc. for $1.07 billion.
CGI, an IT and business processes firm, is offering $37.50 for each share of Stanley’s stock. Stanley would become a part of CGI Federal, more than doubling CGI’s U.S. government business. After the merger, CGI Federal would have more than $1.2 billion in annual revenue and employ 7,000. The unit’s client base would be 55 percent defense and intelligence agencies and 45 percent of U.S. federal civilian agencies.
CGI Federal will be led by its current president, George Schindler. The unit is located in Fairfax.
The addition of Stanley will add resources to CGI’s U.S. government business and expand its reach into the defense and intelligence markets.
“The acquisition of Stanley is in line with our Build and Buy profitable growth strategy, and is consistent with our commitment to continue expanding our footprint in the strategic U.S. market and specifically in the U.S. federal market,” Michael E. Roach, president and CEO, CGI, said in a statement.