Acando divested to CGI
Divestment to CGI
March 2019
Sector: Technology
Service: M&A
Our role
Financial adviser to the board of Acando and provided a fairness opinion on the public tender from CGI
Buyer
CGI (publ) is among the largest independent IT and business consulting services firms in the world, with more than 77,000 consultants across the globe and annual revenue of CAD 11.5 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB)
Target
Acando (publ) is a Swedish the consulting company with approx. 2,100 employees allocated over five countries and sales of more than SEK 2.8 billion in 2018. Acando was listed on Nasdaq Stockholm, Mid Cap