CGI (TSX: GIB.A) (NYSE: GIB) and Telia have signed an agreement under which CGI will acquire Telia's cloud and capacity services for enterprises, as well as IT end-user services in Finland. The transaction includes the transfer of nearly 250 Telia employees to CGI and is subject to customary regulatory approvals.

The companies also announced a strategic partnership where CGI will provide Telia with scalable cloud technology services, while Telia will support CGI's growth through data center infrastructure and network services. Telia's Helsinki Datacenter is not included in the transaction.

"A key priority was to find a partner with whom we can ensure the continuity of our clients' business and create the conditions for leveraging new technologies," said Telia Cygate CEO Matti Eloholma.

CGI stated the acquisition will expand its service offerings to include Katakri 2020-certified high-security data centers and hybrid and public cloud environments. The company expects the additional data center capacity to help meet client demand for secure IT environments that can handle enterprise AI integration.

"As digital transformation accelerates and the geopolitical landscape shifts, organizations need greater flexibility and reliability in their IT environments," said Niraj Sood, President of CGI's Finland, Poland and Baltics operations.

Telia Finland employs approximately 3,000 people and serves customers with nearly 4.2 million subscriptions across various services. The company invests approximately €200 million annually in Finland's telecommunications networks and ICT services. Telia Company reported revenue of €7.3 billion in 2025.

CGI reported fiscal 2025 revenue of CA$15.91 billion and employs 94,000 consultants and professionals globally.