CGI to Acquire Aeyon

Intended acquisition would expand CGI's portfolio and presence across U.S. Government agency missions.

CGI Federal Inc. (CGI), the wholly-owned U.S. operating subsidiary of global IT and business consulting services firm CGI Inc. (TSX: GIB.A) (NYSE: GIB), has announced its intent to acquire Aeyon, a leader in digital transformation and artificial intelligence (AI) technologies, including data management, analytics and intelligent automation for the U.S. Federal Government. The acquisition further complements and expands CGI Federal's offerings portfolio as well as relationships with critical national security clients, such as the Office of the Secretary of Defense, multiple branches and agencies of the U.S. military, the Federal Aviation Administration (FAA) and the National Aeronautics and Space Administration (NASA). The parties entered into a definitive purchase agreement June 22, 2024, relating to the transaction, which is expected to close in the fourth quarter of CGI's fiscal year 2024, subject to regulatory approvals and other customary closing conditions.

"We look forward to welcoming the 725 Aeyon employees whose deep experience and expertise in government transformation has meaningfully contributed to the missions of U.S. Federal Government organizations," said Stephanie Mango, President, CGI Federal. "CGI and Aeyon share the same values and culture, and the combination of our firms further strengthens our position as a partner of choice for end-to-end services and mission-critical solutions across the U.S. Government."