CGI buys DRT, doubles U.S. presence

Article Abstract:

Computer services provider CGI Group Inc of Montreal has acquired DRT Systems International from Deloitte Consulting for around $40 million-$70 million. DRT Systems operates in 16 American cities and sources 80% of its revenue from the US. CGI, which has increased US revenue to 18% of total revenue from 9% as result of the acquisition, has also announced that it is planning to buy an American company with annual sales of $100 million-$500 million.

Computer Services, Computer Systems Design and Related Services, Information technology services, CGI Group Inc., DRT Systems International, Deloitte Consulting

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JDS Uniphase snags Epitaxx to boost fibre-optics might

Article Abstract:

Canadian fiber optics giant JDS Uniphase Corp will acquire Epitaxx Inc for $400 million in an all-stock deal. Both firms manufacture components for fiber optics networks which are becoming the dominant mode among high- speed telecommunications networks. Epitaxx specializes in optical detectors and receivers. JDS share prices increased $13 or 7.6% to $183 on the Toronto Stock Exchange on Oct 4, 1999.

Foreign operations, Optical Instruments & Lenses, Optical Instrument and Lens Manufacturing, JDS Uniphase Corp. (San Jose, California), Epitaxx Inc.

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