{"success":true,"data":{"pressRelease":{"id":"50510","rtpr_id":"nPn6WCTh6a","ticker":"GIB","exchange":"NYSE","all_tickers":["GIB","GIBA"],"title":"CGI and Telia announce agreement for business services transfer and new strategic partnership","author":"PR Newswire","published_at":"2026-06-01T10:45:00.034Z","article_body":"CGI and Telia announce agreement for business services transfer and new strategic partnership\n\nPR Newswire\n\nHELSINKI, June 1, 2026\n\nStock Market Symbols\nGIB.A (TSX)\nGIB (NYSE)\ncgi.com/newsroom\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4699685-1&h=1002495224&u=http%3A%2F%2Fwww.cgi.com%2Fnewsroom&a=cgi.com%2Fnewsroom)\n\nHELSINKI, June 1, 2026 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the\nlargest independent IT and business consulting services firms in the world,\nand technology company Telia have signed an agreement for a business\ntransaction as well as a strategic partnership. Under the business\ntransaction, Telia's cloud and capacity services for enterprises, as well as\nIT end-user services in Finland, will be transferred to CGI. At the same time,\nnearly 250 Telia employees will join CGI to support the ongoing development\nand delivery of these services. The transaction is subject to customary\nregulatory approvals.\n\nIn addition, the companies are launching a strategic partnership through which\nCGI will support Telia's business operations with scalable, secure services\nthat leverage cloud technology, while Telia will support CGI's growth through\nsecure data center infrastructure and network services.\n\nWith the new agreement, CGI strengthens its role as a pioneer in building\nsecure and scalable IT environments in the region. Going forward, CGI will be\nable to offer its clients an even broader range of services to accelerate\ndigital transformation and secure critical business data in line with their\nrequirements. These CGI services\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4699685-1&h=4136639761&u=https%3A%2F%2Fwww.cgi.com%2Fen%2Fcloud-hybrid-it&a=CGI+services)\nrange from Katakri 2020-certified high-security data centers to hybrid and\npublic cloud environments. This expanded capability meets clients' growing\ndemand for secure and scalable IT environments, and provides a strong\nfoundation for automation, data-driven services and artificial intelligence\n(AI).\n\nThe partnership also supports Telia's strategic goal to focus on its core\nbusiness and strengthen competitiveness in the long term.\n\n\"A key priority was to find a partner with whom we can ensure the continuity\nof our clients' business and create the conditions for leveraging new\ntechnologies,\" said Telia Cygate's CEO Matti Eloholma.\n\n\"As digital transformation accelerates and the geopolitical landscape shifts,\norganizations need greater flexibility and reliability in their IT\nenvironments,\" said Niraj Sood, President, Finland, Poland and Baltics\noperations at CGI. \"The additional data center capacity that will become\navailable to us – significant on a Nordic scale – and the high-security\nsolutions available through this partnership help us meet clients' growing\ndemand for secure and scalable IT environments that can handle enterprise AI\nintegration. We thank Telia for their trust in entering into a strategic\npartnership with us. Once completed, we expect the transaction to open up new\nopportunities both for our clients and for the skilled professionals joining\nCGI.\"\n\nTelia's Helsinki Datacenter is not included in the transaction.\n\nAbout Telia\n\nTelia Finland is a technology company that provides telecommunications, IT,\nand digital services to millions of consumer and business customers, as well\nas to the public sector. Telia employs approximately 3,000 people in Finland,\nand our customers have nearly 4.2 million subscriptions across our various\nservices. Security is the foundation of everything we do. Telia strengthens\ncritical infrastructure by investing approximately 200 million euros annually\nin Finland in nationwide telecommunications networks and secure ICT services.\n\nTelia Finland is part of Telia Company, which operates in the Nordic and\nBaltic regions. Telia Company's revenue in 2025 was 7.3 billion euros. The\ncompany is committed to achieving net-zero emissions across its entire value\nchain by 2040. Learn more: www.telia.fi/medialle\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4699685-1&h=3717063657&u=https%3A%2F%2Furldefense.com%2Fv3%2F__http%3A%2Fwww.telia.fi%2Fmedialle__%3B!!AaIhyw!snUwxIoYlU-aw8FpJ4aQRedMPD1sHBjeoMLt1JphAUk64CrR0JnLL7La5Z7RlMZipnGc_7dRiABUVdjuqI_Zl19khfyoAAVWPj0%24&a=www.telia.fi%2Fmedialle)\n.\n\nAbout CGI\n\nFounded in 1976, CGI is among the largest independent IT and business\nconsulting services firms in the world. With 94,000 consultants and\nprofessionals across the globe, CGI delivers an end-to-end portfolio of\ncapabilities, from strategic IT and business consulting to systems\nintegration, managed IT and business process services and intellectual\nproperty solutions. CGI works with clients through a local relationship model\ncomplemented by a global delivery network that helps clients digitally\ntransform their organizations and accelerate results. CGI Fiscal 2025 reported\nrevenue is CA$15.91 billion and CGI shares are listed on the TSX (GIB.A) and\nthe NYSE (GIB). Learn more at cgi.com.\n\nForward-looking information and statements\n\nThis press release contains \"forward-looking information\" within the meaning\nof Canadian securities laws and \"forward-looking statements\" within the\nmeaning of the United States Private Securities Litigation Reform Act of 1995\nand other applicable United States safe harbours. All such forward-looking\ninformation and statements are made and disclosed in reliance upon the safe\nharbour provisions of applicable Canadian and United States securities laws.\nForward-looking information and statements include all information and\nstatements regarding CGI's intentions, plans, expectations, beliefs,\nobjectives, future performance, and strategy, as well as any other information\nor statements that relate to future events or circumstances and which do not\ndirectly and exclusively relate to historical facts. Forward-looking\ninformation and statements often but not always use words such as \"believe\",\n\"estimate\", \"expect\", \"intend\", \"anticipate\", \"foresee\", \"plan\", \"predict\",\n\"project\", \"aim\", \"seek\", \"strive\", \"potential\", \"continue\", \"target\", \"may\",\n\"might\", \"could\", \"should\", and similar expressions and variations thereof.\nThese information and statements are based on our perception of historic\ntrends, current conditions and expected future developments, as well as other\nassumptions, both general and specific, that we believe are appropriate in the\ncircumstances. Such information and statements are, however, by their very\nnature, subject to inherent risks and uncertainties, of which many are beyond\nthe control of the Company, and which give rise to the possibility that actual\nresults could differ materially from our expectations expressed in, or implied\nby, such forward-looking information or forward-looking statements. These\nrisks and uncertainties include but are not restricted to: risks related to\nthe market such as the level of business activity of our clients, which is\naffected by economic and political conditions, additional external risks (such\nas pandemics, armed conflict, climate-related issues, inflation, tariffs\nand/or trade wars) and our ability to negotiate new contracts; risks related\nto our industry such as competition and our ability to develop and expand our\nservices to address emerging business demands and technology trends (such as\nartificial intelligence), to penetrate new markets, and to protect our\nintellectual property rights; risks related to our business such as risks\nassociated with our growth strategy, including the integration of new\noperations, financial and operational risks inherent in worldwide operations,\nlegal and operational risks inherent in contracting with government clients,\nforeign exchange risks, income tax laws and other tax programs, the\ntermination, modification, delay or suspension of our contractual agreements,\nour expectations regarding future revenue resulting from bookings and backlog,\nour ability to attract and retain qualified employees, to negotiate favourable\ncontractual terms, to deliver our services and to collect receivables, to\ndisclose, manage and implement environmental, social and governance (ESG)\ninitiatives and standards, and to achieve ESG commitments and targets,\nincluding without limitation, our commitment to reduce our carbon emissions,\nas well as the reputational and financial risks attendant to cybersecurity\nbreaches and other incidents, including through the use of artificial\nintelligence, and financial risks such as liquidity needs and requirements,\nmaintenance of financial ratios, our ability to declare and pay dividends,\ninterest rate fluctuations and changes in creditworthiness and credit ratings;\nas well as other risks identified or incorporated by reference in this press\nrelease, in CGI's annual and quarterly MD&A and in other documents that we\nmake public, including our filings with the Canadian Securities Administrators\n(on SEDAR+ at www.sedarplus.ca\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4699685-1&h=2754457452&u=https%3A%2F%2Fwww.sedarplus.ca%2Fhome%2F&a=www.sedarplus.ca)\n) and the U.S. Securities and Exchange Commission (on EDGAR at www.sec.gov\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4699685-1&h=676375874&u=https%3A%2F%2Fwww.sec.gov%2F&a=www.sec.gov)\n). Unless otherwise stated, the forward-looking information and statements\ncontained in this press release are made as of the date hereof and CGI\ndisclaims any intention or obligation to publicly update or revise any\nforward-looking information or forward-looking statements, whether as a result\nof new information, future events or otherwise, except as required by\napplicable law. While we believe that our assumptions on which these\nforward-looking information and forward-looking statements are based were\nreasonable as at the date of this press release, readers are cautioned not to\nplace undue reliance on these forward-looking information or statements.\nFurthermore, readers are reminded that forward-looking information and\nstatements are presented for the sole purpose of assisting investors and\nothers in understanding our objectives, strategic priorities and business\noutlook as well as our anticipated operating environment. Readers are\ncautioned that such information may not be appropriate for other purposes.\n\nFurther information on the risks that could cause our actual results to differ\nsignificantly from our current expectations may be found in the section titled\nRisk Environment of CGI's MD&A for the three months and six months ended\nMarch 31, 2026 and 2025, which is incorporated by reference in this cautionary\nstatement. We also caution readers that the risks described in the previously\nmentioned section and in other sections of CGI's MD&A for the three months\nand six months ended March 31, 2026 and 2025, and in our other documents and\nfilings are not the only ones that could affect us. Additional risks and\nuncertainties not currently known to us or that we currently deem to be\nimmaterial could also have a material adverse effect on our financial\nposition, financial performance, cash flows, business or reputation.\n\nView original\ncontent:https://www.prnewswire.com/news-releases/cgi-and-telia-announce-agreement-for-business-services-transfer-and-new-strategic-partnership-302785980.html\n(https://www.prnewswire.com/news-releases/cgi-and-telia-announce-agreement-for-business-services-transfer-and-new-strategic-partnership-302785980.html)\n\nSOURCE CGI Inc.\n\n\n\nFor more information: Investors, Kevin Linder, Senior Vice-President, Investor Relations, kevin.linder@cgi.com, +1 905-973-8363; Global Media, Andrée-Anne Pelletier, Manager, Global Media and Public Relations, an.pelletier@cgi.com, +1 438-468-9118; Local Media, Kia Yliperttula, Communications Director, CGI Finland, +358 40 579 5913, kia.yliperttula@cgi.com\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn6WCTh6a","title":"CGI and Telia announce agreement for business services transfer and new strategic partnership","author":"PR Newswire","ticker":"GIB","created":"2026-06-01T10:45:00.034Z","tickers":["GIB","GIBA"],"exchange":"NYSE","article_body":"CGI and Telia announce agreement for business services transfer and new strategic partnership\n\nPR Newswire\n\nHELSINKI, June 1, 2026\n\nStock Market Symbols\nGIB.A (TSX)\nGIB (NYSE)\ncgi.com/newsroom\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4699685-1&h=1002495224&u=http%3A%2F%2Fwww.cgi.com%2Fnewsroom&a=cgi.com%2Fnewsroom)\n\nHELSINKI, June 1, 2026 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the\nlargest independent IT and business consulting services firms in the world,\nand technology company Telia have signed an agreement for a business\ntransaction as well as a strategic partnership. Under the business\ntransaction, Telia's cloud and capacity services for enterprises, as well as\nIT end-user services in Finland, will be transferred to CGI. At the same time,\nnearly 250 Telia employees will join CGI to support the ongoing development\nand delivery of these services. The transaction is subject to customary\nregulatory approvals.\n\nIn addition, the companies are launching a strategic partnership through which\nCGI will support Telia's business operations with scalable, secure services\nthat leverage cloud technology, while Telia will support CGI's growth through\nsecure data center infrastructure and network services.\n\nWith the new agreement, CGI strengthens its role as a pioneer in building\nsecure and scalable IT environments in the region. Going forward, CGI will be\nable to offer its clients an even broader range of services to accelerate\ndigital transformation and secure critical business data in line with their\nrequirements. These CGI services\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4699685-1&h=4136639761&u=https%3A%2F%2Fwww.cgi.com%2Fen%2Fcloud-hybrid-it&a=CGI+services)\nrange from Katakri 2020-certified high-security data centers to hybrid and\npublic cloud environments. This expanded capability meets clients' growing\ndemand for secure and scalable IT environments, and provides a strong\nfoundation for automation, data-driven services and artificial intelligence\n(AI).\n\nThe partnership also supports Telia's strategic goal to focus on its core\nbusiness and strengthen competitiveness in the long term.\n\n\"A key priority was to find a partner with whom we can ensure the continuity\nof our clients' business and create the conditions for leveraging new\ntechnologies,\" said Telia Cygate's CEO Matti Eloholma.\n\n\"As digital transformation accelerates and the geopolitical landscape shifts,\norganizations need greater flexibility and reliability in their IT\nenvironments,\" said Niraj Sood, President, Finland, Poland and Baltics\noperations at CGI. \"The additional data center capacity that will become\navailable to us – significant on a Nordic scale – and the high-security\nsolutions available through this partnership help us meet clients' growing\ndemand for secure and scalable IT environments that can handle enterprise AI\nintegration. We thank Telia for their trust in entering into a strategic\npartnership with us. Once completed, we expect the transaction to open up new\nopportunities both for our clients and for the skilled professionals joining\nCGI.\"\n\nTelia's Helsinki Datacenter is not included in the transaction.\n\nAbout Telia\n\nTelia Finland is a technology company that provides telecommunications, IT,\nand digital services to millions of consumer and business customers, as well\nas to the public sector. Telia employs approximately 3,000 people in Finland,\nand our customers have nearly 4.2 million subscriptions across our various\nservices. Security is the foundation of everything we do. Telia strengthens\ncritical infrastructure by investing approximately 200 million euros annually\nin Finland in nationwide telecommunications networks and secure ICT services.\n\nTelia Finland is part of Telia Company, which operates in the Nordic and\nBaltic regions. Telia Company's revenue in 2025 was 7.3 billion euros. The\ncompany is committed to achieving net-zero emissions across its entire value\nchain by 2040. Learn more: www.telia.fi/medialle\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4699685-1&h=3717063657&u=https%3A%2F%2Furldefense.com%2Fv3%2F__http%3A%2Fwww.telia.fi%2Fmedialle__%3B!!AaIhyw!snUwxIoYlU-aw8FpJ4aQRedMPD1sHBjeoMLt1JphAUk64CrR0JnLL7La5Z7RlMZipnGc_7dRiABUVdjuqI_Zl19khfyoAAVWPj0%24&a=www.telia.fi%2Fmedialle)\n.\n\nAbout CGI\n\nFounded in 1976, CGI is among the largest independent IT and business\nconsulting services firms in the world. With 94,000 consultants and\nprofessionals across the globe, CGI delivers an end-to-end portfolio of\ncapabilities, from strategic IT and business consulting to systems\nintegration, managed IT and business process services and intellectual\nproperty solutions. CGI works with clients through a local relationship model\ncomplemented by a global delivery network that helps clients digitally\ntransform their organizations and accelerate results. CGI Fiscal 2025 reported\nrevenue is CA$15.91 billion and CGI shares are listed on the TSX (GIB.A) and\nthe NYSE (GIB). Learn more at cgi.com.\n\nForward-looking information and statements\n\nThis press release contains \"forward-looking information\" within the meaning\nof Canadian securities laws and \"forward-looking statements\" within the\nmeaning of the United States Private Securities Litigation Reform Act of 1995\nand other applicable United States safe harbours. All such forward-looking\ninformation and statements are made and disclosed in reliance upon the safe\nharbour provisions of applicable Canadian and United States securities laws.\nForward-looking information and statements include all information and\nstatements regarding CGI's intentions, plans, expectations, beliefs,\nobjectives, future performance, and strategy, as well as any other information\nor statements that relate to future events or circumstances and which do not\ndirectly and exclusively relate to historical facts. Forward-looking\ninformation and statements often but not always use words such as \"believe\",\n\"estimate\", \"expect\", \"intend\", \"anticipate\", \"foresee\", \"plan\", \"predict\",\n\"project\", \"aim\", \"seek\", \"strive\", \"potential\", \"continue\", \"target\", \"may\",\n\"might\", \"could\", \"should\", and similar expressions and variations thereof.\nThese information and statements are based on our perception of historic\ntrends, current conditions and expected future developments, as well as other\nassumptions, both general and specific, that we believe are appropriate in the\ncircumstances. Such information and statements are, however, by their very\nnature, subject to inherent risks and uncertainties, of which many are beyond\nthe control of the Company, and which give rise to the possibility that actual\nresults could differ materially from our expectations expressed in, or implied\nby, such forward-looking information or forward-looking statements. These\nrisks and uncertainties include but are not restricted to: risks related to\nthe market such as the level of business activity of our clients, which is\naffected by economic and political conditions, additional external risks (such\nas pandemics, armed conflict, climate-related issues, inflation, tariffs\nand/or trade wars) and our ability to negotiate new contracts; risks related\nto our industry such as competition and our ability to develop and expand our\nservices to address emerging business demands and technology trends (such as\nartificial intelligence), to penetrate new markets, and to protect our\nintellectual property rights; risks related to our business such as risks\nassociated with our growth strategy, including the integration of new\noperations, financial and operational risks inherent in worldwide operations,\nlegal and operational risks inherent in contracting with government clients,\nforeign exchange risks, income tax laws and other tax programs, the\ntermination, modification, delay or suspension of our contractual agreements,\nour expectations regarding future revenue resulting from bookings and backlog,\nour ability to attract and retain qualified employees, to negotiate favourable\ncontractual terms, to deliver our services and to collect receivables, to\ndisclose, manage and implement environmental, social and governance (ESG)\ninitiatives and standards, and to achieve ESG commitments and targets,\nincluding without limitation, our commitment to reduce our carbon emissions,\nas well as the reputational and financial risks attendant to cybersecurity\nbreaches and other incidents, including through the use of artificial\nintelligence, and financial risks such as liquidity needs and requirements,\nmaintenance of financial ratios, our ability to declare and pay dividends,\ninterest rate fluctuations and changes in creditworthiness and credit ratings;\nas well as other risks identified or incorporated by reference in this press\nrelease, in CGI's annual and quarterly MD&A and in other documents that we\nmake public, including our filings with the Canadian Securities Administrators\n(on SEDAR+ at www.sedarplus.ca\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4699685-1&h=2754457452&u=https%3A%2F%2Fwww.sedarplus.ca%2Fhome%2F&a=www.sedarplus.ca)\n) and the U.S. Securities and Exchange Commission (on EDGAR at www.sec.gov\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4699685-1&h=676375874&u=https%3A%2F%2Fwww.sec.gov%2F&a=www.sec.gov)\n). Unless otherwise stated, the forward-looking information and statements\ncontained in this press release are made as of the date hereof and CGI\ndisclaims any intention or obligation to publicly update or revise any\nforward-looking information or forward-looking statements, whether as a result\nof new information, future events or otherwise, except as required by\napplicable law. While we believe that our assumptions on which these\nforward-looking information and forward-looking statements are based were\nreasonable as at the date of this press release, readers are cautioned not to\nplace undue reliance on these forward-looking information or statements.\nFurthermore, readers are reminded that forward-looking information and\nstatements are presented for the sole purpose of assisting investors and\nothers in understanding our objectives, strategic priorities and business\noutlook as well as our anticipated operating environment. Readers are\ncautioned that such information may not be appropriate for other purposes.\n\nFurther information on the risks that could cause our actual results to differ\nsignificantly from our current expectations may be found in the section titled\nRisk Environment of CGI's MD&A for the three months and six months ended\nMarch 31, 2026 and 2025, which is incorporated by reference in this cautionary\nstatement. We also caution readers that the risks described in the previously\nmentioned section and in other sections of CGI's MD&A for the three months\nand six months ended March 31, 2026 and 2025, and in our other documents and\nfilings are not the only ones that could affect us. Additional risks and\nuncertainties not currently known to us or that we currently deem to be\nimmaterial could also have a material adverse effect on our financial\nposition, financial performance, cash flows, business or reputation.\n\nView original\ncontent:https://www.prnewswire.com/news-releases/cgi-and-telia-announce-agreement-for-business-services-transfer-and-new-strategic-partnership-302785980.html\n(https://www.prnewswire.com/news-releases/cgi-and-telia-announce-agreement-for-business-services-transfer-and-new-strategic-partnership-302785980.html)\n\nSOURCE CGI Inc.\n\n\n\nFor more information: Investors, Kevin Linder, Senior Vice-President, Investor Relations, kevin.linder@cgi.com, +1 905-973-8363; Global Media, Andrée-Anne Pelletier, Manager, Global Media and Public Relations, an.pelletier@cgi.com, +1 438-468-9118; Local Media, Kia Yliperttula, Communications Director, CGI Finland, +358 40 579 5913, kia.yliperttula@cgi.com\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-06-01T10:45:00.11543569Z","server_sent_at_ms":1780310700115},"received_at":"2026-06-01T10:45:00.175Z","source_url":"https://www.prnewswire.com/news-releases/cgi-and-telia-announce-agreement-for-business-services-transfer-and-new-strategic-partnership-302785980.html"},"analysis":{"id":"39946","press_release_id":"50510","analysis_json":{"industry":{"label":"IT Consulting & Other Services","sector":"Information Technology"},"redFlags":["Transaction subject to regulatory approvals","No deal value disclosed"],"eventType":"m_and_a","narrative":"CGI has signed an agreement to acquire Telia's enterprise cloud and IT end-user services business in Finland, including the transfer of nearly 250 employees.\n\nThe transaction is subject to customary regulatory approvals and excludes Telia's Helsinki Datacenter.\n\nSimultaneously, the two companies are launching a strategic partnership where CGI will support Telia's operations with scalable cloud services, while Telia will provide CGI with secure data center infrastructure and network services to support its growth in the Nordic region.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"CGI expands Nordic footprint with Telia acquisition and strategic infrastructure partnership."},"keyFigures":{"customDimensions":{"filer_headcount":94000,"employees_acquired":250,"filer_revenue_fy25":"CA$15.91 billion"}},"quotedText":"The additional data center capacity that will become available to us – significant on a Nordic scale – and the high-security solutions available through this partnership help us meet clients' growing demand for secure and scalable IT environments that can handle enterprise AI integration.","namedEntities":{"people":[{"name":"Matti Eloholma","role":"CEO, Telia Cygate"},{"name":"Niraj Sood","role":"President, Finland, Poland and Baltics operations at CGI"},{"name":"Kevin Linder","role":"Senior Vice-President, Investor Relations"},{"name":"Andrée-Anne Pelletier","role":"Manager, Global Media and Public Relations"},{"name":"Kia Yliperttula","role":"Communications Director, CGI Finland"}],"products":["cloud and capacity services","IT end-user services","Katakri 2020-certified high-security data centers","hybrid and public cloud environments"],"companies":[{"name":"CGI","ticker":"GIB","relationship":"acquirer"},{"name":"Telia","relationship":"seller/partner"},{"name":"Telia Cygate","relationship":"seller unit"},{"name":"Telia Company","relationship":"parent of seller"}],"dollarAmounts":[{"amount":"CA$15.91 billion","context":"CGI Fiscal 2025 reported revenue"},{"amount":"7.3 billion euros","context":"Telia Company 2025 revenue"},{"amount":"200 million euros","context":"Telia's annual investment in Finland"}]},"materialImpact":{"score":3,"reasoning":"CGI is acquiring Telia's enterprise cloud and IT services business in Finland, adding ~250 employees and expanding its Nordic footprint. While the deal size is not disclosed, it represents a strategic expansion into a new regional market and service capability (secure data centers/cloud) for a large-cap IT services firm. It is not a transformative mega-deal (score 5) but is materially significant for regional growth (score 3)."},"tickerRelevance":{"others":[],"primary":"GIB"},"globalImportance":45,"audienceRelevance":35,"eventTypeSecondary":["partnership"],"importanceComponents":{"tickerTier":"large-cap","eventGravity":"regional acquisition/partnership","sectorWeight":"high","householdBrandBoost":"low","marketCapAdjustment":"neutral"}},"event_type":"m_and_a","event_type_secondary":["partnership"],"sentiment":"bullish","material_impact_score":3,"narrative":"CGI has signed an agreement to acquire Telia's enterprise cloud and IT end-user services business in Finland, including the transfer of nearly 250 employees.\n\nThe transaction is subject to customary regulatory approvals and excludes Telia's Helsinki Datacenter.\n\nSimultaneously, the two companies are launching a strategic partnership where CGI will support Telia's operations with scalable cloud services, while Telia will provide CGI with secure data center infrastructure and network services to support its growth in the Nordic region.","key_figures":{"customDimensions":{"filer_headcount":94000,"employees_acquired":250,"filer_revenue_fy25":"CA$15.91 billion"}},"named_entities":{"people":[{"name":"Matti Eloholma","role":"CEO, Telia Cygate"},{"name":"Niraj Sood","role":"President, Finland, Poland and Baltics operations at CGI"},{"name":"Kevin Linder","role":"Senior Vice-President, Investor Relations"},{"name":"Andrée-Anne Pelletier","role":"Manager, Global Media and Public Relations"},{"name":"Kia Yliperttula","role":"Communications Director, CGI Finland"}],"products":["cloud and capacity services","IT end-user services","Katakri 2020-certified high-security data centers","hybrid and public cloud environments"],"companies":[{"name":"CGI","ticker":"GIB","relationship":"acquirer"},{"name":"Telia","relationship":"seller/partner"},{"name":"Telia Cygate","relationship":"seller unit"},{"name":"Telia Company","relationship":"parent of seller"}],"dollarAmounts":[{"amount":"CA$15.91 billion","context":"CGI Fiscal 2025 reported revenue"},{"amount":"7.3 billion euros","context":"Telia Company 2025 revenue"},{"amount":"200 million euros","context":"Telia's annual investment in Finland"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-01T10:46:24.004Z","global_importance":45,"audience_relevance":35,"importance_components":{"tickerTier":"large-cap","eventGravity":"regional acquisition/partnership","sectorWeight":"high","householdBrandBoost":"low","marketCapAdjustment":"neutral"}},"durationMs":83820,"modelName":"george-droid-qwen-72b"}}