Chippenham-based specialist IT group Scisys is expected to be taken over by Canadian tech giant CGI in an approved offer that values it at nearly £79m. It has been unanimously accepted by the group’s directors.
The group employs around 650 staff across its four UK and four German offices. Its blue-chip customers also include the Environment Agency, the Ministry of Defence, Airbus Defence & Space, the BBC and the National Trust.
In March it reported annual pre-tax profits of just under £2m on revenues of £54.4m and a record order book of £98.6m against £88.2m in 2017.Last year it moved its parent company from the UK to Ireland to protect its EU-funded work.
Today Scisys chairman Mike Love, who has been at the firm since 1981, said: “The board of Scisys is unanimously recommending this deal to shareholders, viewing it as a wholesale endorsement of the success Scisys has achieved to date.”
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