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CGI Group Looks to Leverage Logica Acquisition and Expand in Asia; Michael Roach Comments

CGI Group Looks to Leverage Logica Acquisition and Expand in Asia; Michael Roach Comments - top government contractors - best government contracting event
Michael Roach
Michael Roach
Michael Roach

Michael Roach, CGI Group CEO, announced January 30 at the annual shareholder meeting that the company is looking to leverage its acquisition of Logica PLC and increase its presence in Asia, according to a Canadian Press article.

He said planning sessions will be conducted in June to create a three year road-map for the company.

One of CGI’s long-term goals is to expand its presence in the Asia-Pacific region by providing niche services such as intellectual property capabilities.

Roach said the build and buy model will remain central to CGI's expansion strategy because it has allowed for the company to understand industry growth and movement.

Since August 2012, CGI has grown its operations from North America and Europe to other continents.

U.S. revenue increased by 20 percent from 2011, or 15 percent excluding the contribution from Logica.

Roach said the upsurge is due in part to the Affordable Care Act and several commercial deals in the U.S.

CGI also confirmed that it will conduct a renewed share buyback program as the company's board allowed the re-acquisition of up to 10 percent of its public float.

CGI spent $21.7-million in 2012 to buy back over 1.1 million shares.

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Written by David J. Barton

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