01:41:08 EDT Fri 14 Mar 2025
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
CGI Inc
Symbol GIB
Shares Issued 202,640,039
Close 2025-02-11 C$ 172.63
Market Cap C$ 34,981,749,933
Recent Sedar Documents

Globe says CGI, rival seen vying with U.S. PE funds

2025-02-11 09:14 ET - In the News

Also In the News (C-CSU) Constellation Software Inc

The Globe and Mail reports in its Tuesday, Feb. 11, edition that in the past three years, Canadian tech companies have steadily sold to U.S. buyers, and this trend is set to accelerate. The Globe's Andrew Willis writes that U.S. President Donald Trump's tariff threats have weakened the Canadian dollar, making domestic takeovers more appealing to American private-equity funds and tech companies. A weaker loonie increases profits for businesses with Canadian dollar expenses and U.S. dollar revenues. On the northern side of the border, bankers say domestic private equity and venture capital funds face increasing pressure to cash in on tech investments. With the initial public offering market frozen, selling to a U.S. rival or wealthy fund manager is the best exit option. American PE funds and tech companies will face competition for targets from large domestic players such as Constellation Software, a serial acquirer, and CGI, along with homegrown fund managers. However, as long as Mr. Trump's threats of a trade war weigh heavy on the loonie, the President will be helping make American tech even greater, by making Canadian tech firms even more attractive takeover targets.

© 2025 Canjex Publishing Ltd. All rights reserved.