CGI announces intent to acquire Aeyon for expansion of offerings portfolio and presence across U.S. Government agency missions

Core Insights - CGI Federal Inc. intends to acquire Aeyon, a leader in digital transformation and AI technologies for the U.S. Federal Government, enhancing CGI's service offerings and relationships with key national security clients [5][9] - The acquisition is expected to close in the fourth quarter of CGI's fiscal year 2024, pending regulatory approvals [5] Company Overview - CGI Federal is a wholly-owned subsidiary of CGI Inc., providing IT and business consulting services to federal agencies across various sectors including defense, healthcare, and intelligence [7] - CGI has a global presence with 90,000 consultants and reported revenue of CA$14.30 billion for fiscal 2023 [7] Acquisition Details - The acquisition of Aeyon, which has expertise in government transformation, is seen as a strategic move to strengthen CGI's position as a partner for end-to-end services in the U.S. Government [2][5] - Aeyon is backed by Enlightenment Capital, focusing on investments in the Aerospace, Defense, Government & Technology sector [3] Cultural Fit and Employee Impact - Both CGI and Aeyon share similar values and culture, emphasizing a commitment to client missions and community [6] - The merger is expected to provide Aeyon employees with significant career advancement opportunities within a larger industry leader [9]