CGI announced the signing of an equity purchase agreement to merge operations with Daugherty, a St. Louis-based professional services firm. This acquisition will bring over 1,100 consultants to CGI, significantly strengthening its presence in key U.S. growth markets including St. Louis, Atlanta, Minneapolis, Chicago, Columbus, Dallas, and New York. Daugherty specializes in artificial intelligence, data analytics, strategic IT consulting, and business advisory services for Fortune 500 clients.
The merger is expected to deepen CGI's industry expertise and enhance its strategic advisory services, particularly in areas such as digital engagement, technology modernization, cloud transformation, FinOps, and sustainability. Daugherty's clients will gain access to CGI's global capabilities, extensive network of delivery centers, and a broader portfolio of end-to-end services and solutions. The transaction is expected to close in December 2024, subject to regulatory approval and customary closing conditions.
This strategic move aligns with CGI's 'Build and Buy' growth strategy, aiming to expand its market footprint and technological capabilities. The integration of Daugherty's talent and specialized offerings is expected to create additional value for clients by combining deep industry insight with technology expertise, reinforcing CGI's commitment to delivering trusted business outcomes.
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