Wed, 22 Aug 2012

CGI completes Logica acquisition

Canadian information technology company CGI Group completed its acquisition of Logica this week. It is understood the Logica brand name will be phased out as a result.

The combined company has approximately 72,000 staff in more than 40 countries and annual revenue of more than £6 billion.

“With the closing of the transaction, our focus is squarely on meeting the expectations of our clients and welcoming our new employees to the CGI family,” said Michael Roach, president of CGI.

Tim Gregory has been appointed UK president. Logica was bought for an estimated £1.7 billion.

Last year Logica axed around 1,300 jobs as part of an accelerated restructuring plan.

See also:

• Welfare Reform starts in the North
• Families will be better off under UC
• Last minute RTI new starter change