CGI Group Completes The Acquisition Of Scisys Worth $103 Million

CGI Group Completes The Acquisition Of Scisys Worth $103 Million

Recently, Canadian IT services firm CGI Group completed its $103.2 Million attainment of Scisys, a Dublin-located company that offers satellite ground segment groundwork for customers like the EC (European Commission). CGI Group—which also offers cybersecurity and space software for civil, commercial, and military satellites—stated its European subsidiary acquired all of Scisys’ issued and prospective shares. Scisys reported it anticipates delisting from the London Stock Exchange after the buyout. CGI Group stated this purchase adds almost 670 employees, chiefly in Germany and the U.K., to the firm’s staff of 77,500.

Torsten Strass—President of CGI (Central & Eastern Europe operations)—said, “The addition of SCISYS consultants to CGI’s domestic presence and international reach will help our clients, and particularly make our expansion in the European space industry more significant than ever before.” Scisys transferred its headquarters to Ireland from Chippenham, England, in the past year to evade losing space business on EU (European Union) programs, remarkably its Galileo navigation satellite configuration. Scisys and CGI Group both have deals with Thales Alenia Space concerning Galileo ground segment work. CGI and Scisys had anticipated the attainment to close in November but postponed it due to the U.K. general election. The firms stated that they shifted the acquisition completion date to December so that Scisys’ media and broadcast business can concentrate on the election undistracted.

Similarly, Scisys was in news for developing a European database for the classification and avoiding space debris hazards. The gathering of debris in space is an issue that is gradually more occupying the UN plus national and global space organizations. The space debris jeopardizes space stations and active satellites. The plan of national and international efforts is consequently to stop collisions and dent to satellites more efficiently in the future.

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