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Canada’s CGI Group To Acquire Defense, Intel IT Firm Stanley For $1 Billion

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By Calvin Biesecker Canada's CGI Group Inc. [GIB] on Friday said it has agreed to acquire information technology (IT) solutions provider Stanley Inc. [SXE] in a deal worth $1.1 billion, more than doubling its presence in the United States federal space, particularly serving the defense and intelligence markets where it has just a sliver of business currently. If the deal closes as expected by the end of this September, CGI Federal will have over $1.2 billion in sales to the…

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