Logica to disappear from Stock Exchange this week
New CGI management faces challenge to retain Logica’s reputation and business
CGI’s completion of its acquisition of Logica will see the departure of the company from the Stock Exchange at the end of this week and effectively the end of the Logica brand.
CGI recently announced that it has completed the £1.7bn acquisition after Logica shareholders voted 99.54% in favour of CGI’s offer at a shareholders meeting held in London last month. Logica will formally leave the Stock Exchange on Friday, 24 August.
The new UK president of CGI, Tom Gregory, will take responsibility for Logica’s UK operations with current CEO Andy Green stepping down.
CGI may see opportunities from Logica’s position on the GPS framework contract for the provision of human resources, payroll and finance services to central government worth £500m, to try and sell in its own public sector ERP solutions. The company has SAP and Oracle expertise and says it has successfully implemented more than 400 government ERP systems, managing in excess of $700bn and serving more than 93 million citizens.
Logica is understood to be one of three shortlisted bidders for a Foreign and Commonwealth Office contract for service management, integration services and desktop infrastructure, covering the FCO’s 18,000 IT users across its 270 global offices.
It is also on the shortlist of six consortiums chosen to be in the running for West Midlands Police’s business partnering for police programme (originally planned as a joint programme with Surrey Police). The Logica consortium also includes Amey Community and Northgate.