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CGI and Alimentation Couche-Tard enter 10-year partnership

Market News, Technology
TSX:GIB.A
15 September 2023 12:35 (EDT)

CGI Inc. (TSX:GIB.A) has entered a 10-year partnership with Alimentation Couche-Tard, valued at C$380 million.

In a news release, the Montreal-based company stated that Alimentation Couche-Tard will leverage CGI’s managed IT services.

Some services will include infrastructure support for business functions, including store manager experience, business process automation, innovation and data access and visibility.

“With technology at the forefront of every customer and employee experience, it is paramount to have market agility, the highest quality and reliability. CGI has impressed us with a thorough understanding of our complex environment, an ability to bring talent, automation, and strategic thinking to the table, and their insightfulness surrounding people and culture,” Ed Dzadovsky, chief technology officer at Alimentation Couche-Tard, said in a statement.

CGI CEO Francois Boulanger said his company will assist Alimentation in investing in new capabilities that scale to their needs and those of their customers across a wide range of geographies and markets.

Founded in 1976, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. 

Shares of CGI are down 0.69 per cent to C$139.90 as of 12:29 pm ET.

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