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HELSINKI - CGI (TSX:GIB.A) (NYSE:GIB), a prominent player in the IT Services industry with a market capitalization of $21 billion, and Finnish retail services company Kesko have entered into a strategic partnership agreement to accelerate Kesko’s digital transformation efforts, according to a press release statement.
The partnership encompasses a range of IT services including end-user services, capacity and cloud services, and integrations. CGI will also support the K Group retail network in various digital development initiatives.
The agreement aims to leverage automation and AI-based solutions to renew Kesko’s business operations and improve productivity. Kesko selected CGI after a competitive bidding process, citing the IT firm’s international expertise combined with local presence as key factors in their decision.
"K Group’s goal is to be a forerunner in digital services within the retail sector," said Arto Hiltunen, CIO at Kesko. "The development of automation and AI-based solutions plays a significant role in renewing our business and improving productivity."
Leena-Mari Lähteenmaa, President of CGI Finland, Poland and Baltics, noted that the partnership represents a trend where companies like Kesko are building strategic collaboration models in which partners participate closely in business development.
CGI, founded in 1976, reported CA$14.68 billion in fiscal 2024 revenue and employs approximately 93,000 consultants and professionals globally. The company specializes in helping retail organizations leverage AI and data-driven strategies to enhance customer experiences, supply chain operations, and IT optimization.
The financial terms of the partnership were not disclosed in the announcement.
In other recent news, CGI Inc reported impressive financial results for its third fiscal quarter of 2025. The company’s earnings per share (EPS) reached $2.10, significantly surpassing the analyst forecast of $1.52. Additionally, CGI’s revenue exceeded expectations, totaling $4.09 billion against a projected $2.91 billion. In another development, CGI has formed a strategic partnership with Finnish retail company Kesko to enhance digital growth. This agreement includes a variety of IT services, such as end-user services, capacity and cloud services, and integrations. CGI will also aid the K Group retail network in its digital development efforts. These recent developments highlight CGI’s strong financial performance and commitment to digital transformation.
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