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Scisys Takeover By CGI Group Cleared By UK Competitions Regulator

Wed, 02nd Oct 2019 11:09

(Alliance News) - The UK Competition & Markets Authority on Wednesday cleared the GBP78.9 million acquisition of London-listed Scisys Group PLC by IT firm CGI Group Holdings Europe Ltd.

The regulator launched a probe into the acquisition in August, shortly after the shareholders of software firm Scisys approved of the CGI approach.

In June, Scisys said it accepted a GBP78.9 million cash takeover, valuing each share at 254.15 pence, a 25% premium to its closing price of 204.00p the day before the deal was announced.

Shares in Scisys were untraded in London on Wednesday afternoon, last quoted at 250.00 pence each.

By Eric Cunha; ericcunha@alliancenews.com

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17 Dec 2019 18:56

Scisys Group Takeover By CGI Given Go Ahead By Court

14 Nov 2019 16:50

SCISYS To Ask Court To Delay Takeover Sanction To After UK Election

25 Oct 2019 15:01

CGI Group takeover of Scisys gets German approval

(Sharecast News) - Bespoke software systems supplier Scisys Group has received regulatory approval from the German Federal Ministry of Economics and Energy (Bundesministerium für Wirtschaft und Energie) for the anticipated acquisition by CGI Group Holdings of Scisys, it announced on Friday.

14 Oct 2019 09:43

Scisys to work on Defra's livestock information programme

(Sharecast News) - Software and support services provider Scisys has been selected by Shearwell Data to provide IT services, project management, integration and maintenance of software in Defra's innovative Livestock Information Programme.

14 Oct 2019 09:27

Scisys Wins GBP2.6 Million Contract Within UK DEFRA Software Programme

2 Oct 2019 09:03

CMA clears CGI Group acquisition of Scisys

(Sharecast News) - The Competition and Markets Authority announced on Wednesday that it has decided, based on the information currently available to it, not to refer the acquisition of software and services provider Scisys by Canadian consulting giant CGI Group to a phase 2 investigation.

14 Aug 2019 10:13

Scisys wins contract with 'major European broadcaster'

(Sharecast News) - Software firm Scisys' media solutions subsidiary has been awarded a contract from "a major European broadcaster" for newsroom software, services and training.

14 Jun 2019 13:42

Canada's CGI to buy Scisys in ?78.9m deal

(Sharecast News) - Scisys shares surged on Friday after Canadian IT services company CGI offered to buy the London-listed computer software services group for 254.15p a share in cash.

25 Jan 2019 09:20

Scisys profits swell after strong flow of new contracts

(Sharecast News) - Scisys Group climbed on Friday after reporting that it will comfortably meet profit and revenue expectations after enjoying "solid organic growth".

16 Jan 2019 10:25

SCISYS signs software deal with Airbus Defence and Space

(Sharecast News) - Bespoke software systems provider SCISYS Group announced on Wednesday that its SCISYS Deutschland operation had been awarded a contract with Airbus Defence and Space for development, integration, verification and maintenance of the EGNOS V3 Performance Assessment Facility (PAF).

10 Jan 2019 11:23

Scisys wins €2.8m European Space Agency contract

(Sharecast News) - Scisys Group's German business on Thursday won a contract with the European Space Agency for monitoring and control (M&C) system tailoring services for the European Space Agency Tracking Network (EStrack).

24 Dec 2018 09:11

Scisys to work on Galileo Ground Segment project following new orders

(Sharecast News) - IT-based solutions and support services firm Scisys has received two initial orders from Thales Alenia Space France for the development and implementation of security-relevant elements within the Galileo Ground Segment, a new project made up of two control centres and a global network of transmitting and receiving stations.

20 Dec 2018 14:13

Scisys locks in follow-on contract for defence sector project

(Sharecast News) - IT-based solutions and support services firm Scisys has secured a £2.4m follow-on contract in the defence sector.

17 Dec 2018 16:23

SCISYS lands €11.2m contract with European Space Agency contractor

(Sharecast News) - SCISYS secured a €11.2m contract with European Space Agency contractor Thales Alenia Space France for the continuation and enhancement of four Galileo Ground Mission Segment (GMS) elements on Monday.

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