08:25 AM EDT, 03/31/2025 (MT Newswires) -- CGI , one of the largest independent IT and business consulting services firms in the world, has been in the news twice already Monday, after the company agreed to buy Apside, a France-based digital and engineering services firm.

The agreement was signed with Apside's main shareholders, Siparex and investments companies of Credit Agricole Group.

"The combination of CGI and Apside would contribute strongly to the expansion of CGI in France and would significantly strengthen our capabilities, particularly across manufacturing and financial services. ...This merger would also enable us to expand our portfolio of end-to-end services by integrating engineering services," said President of CGI's France and Luxembourg operations, Caroline de Grandmaison.

The deal is expected to close in June.

Separately, CGI announced the upgrade of Ventura County Financial Management System (VCFMS), with a transition to the CGI Advantage Cloud.

"The updated VCFMS will deliver a streamlined user interface, enhancing accessibility and efficiency outcomes for end users," said Senior Vice-President of CGI's U.S. West operations, Joanna Robinson.

U.S.-listed shares of the company were last seen down 0.7% at $97.41 in pre-market trading.