CGI completes Novatec acquisition, strengthening its European presence in key commercial industry sectors

Rhea-AI Summary

CGI (TSX: GIB.A) (NYSE: GIB) has completed its acquisition of Novatec, a leading digital services company in Germany and Spain. Founded in 1996, Novatec specializes in business and IT consulting services, including cloud-based solutions, agile products, software development, and digital strategies.

The acquisition brings over 300 IT and consulting experts from eight German offices, primarily in the Stuttgart metro market and South-West region, as well as from Granada, Spain. Novatec's application performance management solutions will enhance CGI's intellectual property portfolio and support clients in accelerating digital innovation through AI technologies.

The merger aims to create additional value for clients in the automotive, manufacturing, and financial services industries, combining both companies' expertise in digital innovation and business transformation.

Positive

• Strategic expansion in key European markets (Germany and Spain)
• Addition of 300+ IT and consulting experts to workforce
• Enhancement of intellectual property portfolio with new performance management solutions
• Strengthening of capabilities in automotive, manufacturing, and financial services sectors

Negative

• None.

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Stock Market Symbols
GIB.A (TSX)
GIB (NYSE)
cgi.com/newsroom

MONTRÉAL, Canada LEINFELDEN-ECHTERDINGEN, Germany and GRANADA, Spain, March 21, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, has completed the previously announced acquisition of Novatec by its wholly owned limited partnership, CGI Deutschland B.V. & Co. KG.

Novatec is a leading digital services company in Germany and Spain. Founded in 1996, it offers a wide range of business and IT consulting services, including cloud-based solutions, agile products, software development and digital strategies. Novatec's application performance management solutions will complement CGI's existing intellectual property portfolio and enable clients to accelerate digital innovation through the use of new technologies such as AI.

"CGI and Novatec share a corporate culture based on results-oriented intrapreneurship, innovation and a high degree of accountability and ownership. The experts joining us from Novatec are problem solvers and, like us, are focused on delivering tangible results for clients," said Ralf Bauer, CGI President of Germany operations. "Together, we can create additional value for our clients in the automotive, manufacturing and financial services industries, turning digital innovation into business value."

"The expertise that Novatec contributes to our team will complement CGI's local and global capabilities, strengthening our technology expertise and industry insights through new offerings to clients," adds Alberto Anaya, Senior Vice-President and Business Unit Leader for CGI Spain.

More than 300 IT and consulting experts from across Novatec have now joined CGI from across eight offices in Germany, with a strong presence in the Stuttgart metro market and the South-West region, as well as from Granada, Spain. 

About CGI

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2024 reported revenue is CA$14.68 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.

View original content:https://www.prnewswire.com/news-releases/cgi-completes-novatec-acquisition-strengthening-its-european-presence-in-key-commercial-industry-sectors-302407508.html

SOURCE CGI Inc.

FAQ

How many employees will join CGI through the Novatec acquisition?

More than 300 IT and consulting experts from Novatec will join CGI across eight offices in Germany and Granada, Spain.

What industries will benefit from the CGI-Novatec merger (GIB)?

The merger will primarily benefit clients in the automotive, manufacturing, and financial services industries.

What key services does Novatec bring to CGI's portfolio?

Novatec brings expertise in cloud-based solutions, agile products, software development, digital strategies, and application performance management solutions.

Which geographical markets does the Novatec acquisition strengthen for CGI (GIB)?

The acquisition strengthens CGI's presence in Germany, particularly in Stuttgart and the South-West region, as well as in Granada, Spain.