CGI has wrapped up the previously announced acquisition of Harwell Management, a France-based management consulting firm that specialises in financial services for the French market.

The deal, which was announced last month, was executed by CGI’s subsidiary CGI France. The financial terms of the transaction were not disclosed.

Established in 2009, Harwell Management supports organisations in the banking, insurance, and financial sectors. The company mainly operates within the French market but also has a presence in London, Brussels, Geneva, and Monaco south region.

Harwell Management has nearly 150 consultants. The company helps financial institutions in implementing purpose-driven strategies, complying with ever-evolving regulations, gaining a competitive edge, and fast track sustainable value and long-term growth.

Through the acquisition, CGI expects to increase its capabilities within its CGI business consulting business across various key financial services sectors.

Harwell Management founders Franck Benzoni and Christophe Da Cunha said: “We are honoured to join the CGI Business Consulting team.

“Together, we are committed to delivering a high level of performance for our clients, offering excellent career opportunities to all our employees, and strengthening the positioning of CGI Business Consulting as the strategic partner of choice for organisations within the financial sector.”

Some of the clients of Harwell Management are said to be HSBC, Engie, BNP Paribas, Societe Generale, AXA, and Generali.

CGI said that considering the growing demand for management consulting services around the world, the company is broadening its capabilities to ensure that end-to-end capabilities and its deep industry experience and knowledge are delivered to clients.

CGI business consulting senior vice president Pierre-Dominique Martin said: “Our 800 consultants within CGI Business Consulting join me in warmly welcoming the 150 consultants of Harwell Management.

“We share a common corporate culture and core values. This merger gives us the opportunity to consolidate our capabilities and accelerate our unique, value-driven consulting approach for financial services clients.”