CGI (NYSE: GIB) (TSX: GIB.A) has completed, through its subsidiary CGI France SAS ("CGI France"), the previously announced acquisition of Harwell Management, a leading management consulting firm specializing in financial services for the French market. As the demand for management consulting services rises worldwide, CGI continues to broaden its capabilities to ensure the delivery of end-to-end capabilities, deep industry knowledge and experience, close collaboration, and trusted partnership for clients in France and across the globe.
Founded in 2009, Harwell Management has 150 employees who will join CGI Business Consulting in France, expanding its offerings in various financial services segments, including retail banking, corporate and investment banking, capital markets, insurance and healthcare mutuals, as well as other specialized financial services, such as leasing, personal financing and factoring.
"Joining together with Harwell Management enables us to provide a broader range of consulting support for our clients across the entire financial services value chain," said Laurent Gerin, President, Western and Southern Europe, CGI. "The merger also acts as a catalyst for CGI’s organic growth strategy to the benefit of all CGI stakeholders—employees, clients, and shareholders. I am delighted to welcome the Harwell Management team to CGI."
"Our 800 consultants within CGI Business Consulting join me in warmly welcoming the 150 consultants of Harwell Management," said Pierre-Dominique Martin, Senior Vice President, CGI Business Consulting. "We share a common corporate culture and core values. This merger gives us the opportunity to consolidate our capabilities and accelerate our unique, value-driven consulting approach for financial services clients."
"We are honored to join the CGI Business Consulting team. Together, we are committed to delivering a high level of performance for our clients, offering excellent career opportunities to all our employees, and strengthening the positioning of CGI Business Consulting as the strategic partner of choice for organizations within the financial sector." said Franck Benzoni and Christophe Da Cunha, founders of Harwell Management.
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 84,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2021 reported revenue is $12.13 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB).
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