Canada’s CGI to Buy IT Rival Logica for $2.6 Billion

CGI Group Inc., a Canadian provider of information-technology services, agreed on Thursday to buy embattled Anglo-Dutch rival Logica PLC for £1.7 billion ($2.6 billion), as CGI seeks to expand its global footprint.

CGI said the acquisition will create a “global technology champion with significant presence throughout the Americas, Europe and Asia”, with around 72,000 employees in 43 countries and annual revenue of 10.4 billion Canadian dollars.

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