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M&A / Property

CGI forms partnership with Kesko

By The Northwire Desk — AI Analysis Aug 20, 2025 · 12:07 GIB · 131.92 CGI Inc
GIB · Price

Executive Summary

  • CGI Inc. and Kesko have entered into a strategic partnership agreement aimed at accelerating digital transformation for the K Group retail network.
  • The agreement encompasses a broad scope of IT services, including end-user services, capacity and cloud services, and integrations.
  • The partnership focuses on leveraging AI and automation to improve productivity and support business growth, with success guided by joint metrics and investments.

Key Details

  • Parties Involved: CGI Inc. (IT and business consulting services firm) and Kesko (retail services company, specifically the K Group retail network).
  • Scope of Services: The partnership covers end-user services, capacity and cloud services, integrations, and digital development initiatives.
  • Strategic Focus: Development of automation and AI-based solutions to renew business operations and improve productivity.
  • Selection Process: Kesko selected CGI following a competitive bidding process, citing CGI's strong international expertise and local presence as key factors.
  • Collaboration Model: Described as a "genuine and deep partnership" where partners participate closely in business development, sharing goals, risks, and guided by joint metrics and investments.
  • CGI Background: CGI is listed on the Toronto Stock Exchange (GIB.A) and the New York Stock Exchange (GIB), with fiscal 2024 reported revenue of $14.68 billion and 93,000 consultants globally.

Notable Quotes

  • Arto Hiltunen, CIO at Kesko: "K Group's goal is to be a forerunner in digital services within the retail sector... CGI's strong international expertise combined with local presence convinced us of the company's ability to support us in achieving our objectives."
  • Leena-Mari Lahteenmaa, President, CGI Finland, Poland and Baltics: "The current trend in the IT sector is that forerunner companies like Kesko are now building strategic collaboration models in which partners participate closely in business development and growth as shared goals and risks."
Read the original news release →

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