FAIRFAX & ARLINGTON, VA – CGI Group Inc. (NYSE: GIB; TSX: GIB.A), a provider of information technology and business processing services, is acquiring Stanley Inc. (NYSE:SXE) , a provider of information technology services and solutions to U.S. defense, intelligence and federal civilian government agencies, through a cash tender offer of $37.50 a share, which values the deal at about $1.07 billion.

The per share purchase price represents a premium of 23.3 percent over Stanley’s 30-day volume weighted average stock price and 38.3 percent over its 60-day average.

The transaction will be funded from CGI’s cash on hand and existing credit facilities.

This strategic acquisition brings additional scale to CGI’s U.S. operations, which will account for nearly half of CGI’s global revenue.

The acquisition marks CGI Federal’s expansion into the U.S. defense and intelligence markets. With this acquisition, CGI Federal joins a select list of Federal IT contractors with more than $1 billion in revenue.