BJSS acquired by North American CGI in landmark deal
Deal News | Jan 29, 2025 | Business Cloud
Leeds-based technology consultancy BJSS is set to be acquired by Montreal-headquartered CGI, marking a significant shift in the UK tech consultancy landscape. Established in 1993, BJSS boasts a workforce of 2,400 skilled professionals and is renowned for its ability to solve complex technology challenges across multiple sectors, including retail, healthcare, and finance. This acquisition by CGI, a company with dual listings in New York and Toronto, aims to bolster its UK market presence across numerous sectors, complementing its current capabilities. The deal's completion, anticipated for February 2025, is contingent upon regulatory clearance. KPMG Corporate Finance is serving as BJSS's advisor for the transaction. Notably, this move aligns with CGI's broader strategy of deepening its impact in key areas by leveraging BJSS's strong reputation for technical excellence and client satisfaction. Comments from both parties' leadership emphasize the shared values of sustainability, employee engagement, and client partnerships, suggesting a smooth integration process and potential for extended market offerings post-acquisition.
Sectors
- Technology
- Consulting Services
- Corporate Finance Advisory
Geography
- United Kingdom – The geographical focus of BJSS's current operations and the planned expansion by CGI.
- Canada – CGI's headquarters are based in Montreal, Canada, adding international geographical context.
Industry
- Technology – The primary sector involved as BJSS is a tech consultancy providing software and technology services.
- Consulting Services – BJSS provides consulting services in areas like technology strategy and delivery, which aligns with the consulting services sector.
- Corporate Finance Advisory – Involved due to KPMG's role in advising BJSS during the transaction.
Financials
- Not disclosed – The financial terms of CGI's acquisition of BJSS have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BJSS | Target company | Company | A Leeds-headquartered technology consultancy firm founded in 1993. |
| CGI | Bidding Company | Company | A Montreal-based IT and consulting company aiming to expand its UK operations through this acquisition. |
| KPMG | Corporate Finance Advisor | Company | Acted as a financial advisor to BJSS during the takeover process. |
| Mike Buck | Managing Director | Person | Managing Director of BJSS. |
| Tara McGeehan | President, CGI UK and Australia | Person | President responsible for CGI's operations in the UK and Australia. |
| Glynn Robinson | Chairman, BJSS | Person | Chairman of BJSS praising the upcoming acquisition. |