a leading data analytics and business intelligence HELSINKI, Finland, Aug.
Affecto's Board of Directors is unanimously recommending that its shareholders accept CGI's offer, which represents a purchase pandora charms total price of 98 million, or approximately C$146 million, a 29.3% premium to its closing price on August 21, 2017. can you order from pandora online The company currently trades under the symbol AFE1V on the Nasdaq Helsinki exchange. The transaction is expected to close in Q1 F2018.Adding to CGI's recognized digital expertise in analytics and data science, Helsinki based Affecto would bring more than 1000 highly skilled professionals from across 18 offices in Finland, Sweden, Norway, Denmark as well as Poland, Latvia and Lithuania. With robust strategic consulting, system integration, cloud, data analytics and digital transformation capabilities, Affecto will further complement CGI's global expertise across several in demand digital transformation areas. Over the last twelve months, Affecto has generated revenue of 119.8 million."The offer to merge with Affecto aligns with CGI's plan to profitably double the company in five to seven years through a combination of acquisitions and organic growth," said George D. Schindler, CGI President and Chief Executive Officer. "In turn, for the benefit of our respective clients, CGI brings Affecto depth and end to end capabilities, including access to a network of global and onshore delivery centers, robust intellectual property portfolio, managed services and high end IT consulting. We will continue to implement an established build and buy strategy that adds to our strength in the Nordics and around the globe."We look forward to welcoming Affecto professionals into the CGI family as member owners, sharing and collaborating as highly skilled innovators that are focused on delivering value to clients," said Heikki Nikku, CGI President of Nordics operations. "By merging with the global reach and resources of CGI, the powerful combination creates unique career opportunities for CGI professionals in the Nordics as we pursue profitable future growth together."About CGI in the NordicsWith nearly 8,000 professionals in 55 offices across Denmark, Estonia, Finland, Norway and Sweden, CGI has a strong local presence across the Nordic IT services market. With a deep commitment to being the best in our industry across the Nordics and around the world, CGI serves as a market leader in end to end IT and business consulting services, solutions and outsourcing services. CGI's Nordic operation serves thousands of clients in public and private organisations to help them achieve operational efficiencies while harnessing innovation to better serve the digital needs of their customers and citizensThis press release is not intended to form the basis of any investment decision. It does pandora jewelry cheap not constitute an offer or invitation for the sale or purchase of any securities, businesses and/or assets or any recommendation or commitment by CGI or any other person and neither this press release, nor its contents nor any other written or oral information made available in connection with the transaction shall form the basis of any contract. This press release has been prepared without reference to the particular investment objectives, financial situation, taxation position or particular needs of the reader.About CGIFounded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 70,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services including high end business and IT consulting, systems integration, application development and maintenance, infrastructure management gold pandora beads as well as 150 IP based services and solutions. Their expertise ranges from enterprise information management to artificial intelligence. Affecto creates business value for its customers by helping them become data driven, thus transforming their businesses. Affecto has long term, committed customer relationships with a large number of essential Northern European companies as well as public institutions. These statements and this information represent CGI's intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, of which many are beyond the control of the Company. These factors could cause actual results to differ materially from such forward looking statements or forward looking information. The words "believe," "estimate," "expect," "intend," "anticipate," "foresee," "plan," and similar expressions and variations thereof, identify certain of such forward looking statements or forward looking information, which speak only as of the date on which they are made.
In particular, statements relating to future performance are forward looking statements and forward looking information. CGI disclaims any intention or obligation to publicly update or revise any forward looking statements or forward looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward looking statements or on this forward looking information.
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