CGI Group Buys ADP's Print Unit
JERSEY CITY, NJ—CGI Group America has completed the purchase of ADP Graphic Communications, the financial and commercial printing services business of ADP Brokerage Services Group, in a cash for stock transaction. Terms of the deal were not disclosed.
The acquisition raises The CGI Group's annual revenues to roughly $140 million, powered by a staff of 800 employees. The CGI Group is comprised of the former international printing operations of Cunningham Graphics International, which were divested by ADP in February of 2004. Those operations were acquired by The CGI Group in a management buyout.
The affiliates of The CGI Group and ADP have entered into a joint reseller arrangement to continue servicing financial printing clients.