1. News
January 20, 2020

CGI buys France-based retail solutions provider Meti

Independent IT and business consulting services firm CGI has acquired retail solutions provider Meti Logiciels et Services (Meti).

Independent IT and business consulting services firm CGI has acquired retail solutions provider Meti Logiciels et Services (Meti).

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Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
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The acquisition was carried out through one of CGI’s European subsidiaries. Financial details of the transaction have not been disclosed by the parties.

Based in France, Meti retail sector specialises in offering integrated business solutions and consulting services.

The company serves clients in 20 countries by offering solutions for several stores, warehouses and merchant locations. It also works with some of the major retailers in Europe.

The acquisition will strengthen CGI’s services that will be useful in supporting retailers across their operations, ranging from supply chain management to in-store commercial.

CGI operations in Western and Southern Europe president Jean-Michel Baticle said: “Meti and CGI share a common corporate culture and core values, including a focus on deep industry expertise delivered locally, a service-oriented business model and operational excellence.

“In addition, the specialised expertise of Meti professionals ideally complements CGI’s proven capabilities in digitisation and innovation for the retail sector. We are excited to combine Meti’s solutions and CGI’s Retail Xp360 solution to accelerate value for our retail clients.”

As part of the acquisition, approximately 300 of Meti’s professionals will now be joining CGI.

CGI has 77,500 consultants and other professionals working worldwide.

Founded in 1976, CGI reported revenue of $12.1bn during 2019.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.