CGI completes the acquisition of Comarch Polska SA to accelerate expansion in Poland

Rhea-AI Summary

CGI (NYSE: GIB) completed the acquisition of Comarch Polska SA on January 5, 2026 via its Polish subsidiary. The transaction adds more than 460 IT and consulting professionals, bringing CGI's headcount in Poland and the Baltic States to approximately 1,500 professionals. CGI said it will expand into several major Polish cities and combine Comarch's local public‑sector expertise with CGI's technology‑agnostic solutions. Comarch's offerings include ERP, digital process and document management, consulting and managed services; Comarch has delivered public administration IT services since 1993. CGI highlighted an operational target of delivering 95% of projects on time and within budget.

Positive

• +460 professionals added to CGI Poland and Baltics
• Regional headcount reaches approximately 1,500 professionals

Negative

• None.

Key Figures

New professionals added 460 professionals Comarch Polska SA acquisition in Poland

Regional headcount 1,500 professionals Total in Poland and Baltic States post-acquisition

On-time projects 95% CGI commitment for projects on time and within budget

Operating history since 1993 Comarch public administration software and IT services

Shares under S-8 3,000,000 shares Employee Share Purchase Plan registration

D&O insurance limit US$150,000,000 Aggregate annual directors’ and officers’ liability coverage

Subordinate Voting Shares 192,172,017 shares Outstanding as of Dec 17, 2025 (Form F-10)

Multiple Voting Shares 24,122,758 shares Outstanding as of Dec 17, 2025 (Form F-10)

Market Reality Check

$94.41 Last Close

Volume Volume 266,811 vs 20-day average 332,052 (relative volume 0.8) shows no unusual trading ahead of this news. normal

Technical Shares at $91.14 are trading below the 200-day MA of $97.12 and about 25.78% under the 52-week high of $122.79.

Peers on Argus

GIB was down 1.26% while key IT services peers were mixed: LDOS up 2.15%, CDW down 2.94%, IT down 5.34%, BR down 1.21%, and WIT flat. The pattern points to company-specific trading rather than a unified sector move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 17	Regulatory filings	Neutral	-0.0%	Annual disclosure documents filed to support upcoming shareholder meeting.
Dec 11	Public sector contract	Positive	+0.1%	Texas DIR contract for CGI Advantage and related services to public entities.
Dec 10	Defense contract	Positive	-0.1%	Agreement to deliver secure mobile communications solution for NATO executives.
Dec 09	Cloud deployment	Positive	-0.5%	San Diego County launches cloud-based CGI Advantage budgeting solution.
Dec 04	ERP go-live	Positive	+2.2%	State of Nevada modernizes HR and payroll with CGI Advantage ERP rollout.

Pattern Detected

Recent operational and contract news has typically led to modest, mixed price reactions, with neither strong follow-through nor sharp reversals.

Recent Company History

Over the past month, CGI has reported several public sector and enterprise wins, including Nevada’s HR and payroll modernization on Dec 4, 2025 and a secure NATO communications deal on Dec 10, 2025. These announcements produced small, mixed price moves, with the largest being a 2.21% gain on the Nevada ERP launch. The new Poland-focused acquisition completion fits CGI’s pattern of steady execution milestones that have historically driven incremental rather than dramatic price reactions.

Market Pulse Summary

This announcement confirms closing of the Comarch Polska SA acquisition, bringing over 460 professionals and raising CGI’s presence in Poland and the Baltics to roughly 1,500. It strengthens public sector capabilities and broadens the ERP and digital process portfolio in Poland. In context of a recent string of contracts and prior acquisitions, investors may watch how integration, margin performance, and public sector growth unfold relative to past M&A-driven expansions.

Key Terms

erp technical

"Its key offerings include ERP solutions, tools for digital process"

ERP, or Enterprise Resource Planning, is a comprehensive software system that helps organizations manage and integrate core business processes such as finance, supply chain, and human resources in one unified platform. For investors, ERP systems can indicate how efficiently a company operates; strong and well-integrated systems often suggest good management and potential for sustainable growth.

AI-generated analysis. Not financial advice.

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

WARSAW, Poland, Jan. 5, 2026 /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 Comarch Polska SA through its wholly owned Polish subsidiary, CGI Information Systems and Management Consultants (Polska) sp. z o.o.

With the acquisition, more than 460 IT and business consulting professionals will join CGI, growing the firm's presence in Poland and the Baltic States to approximately 1,500 professionals. Following the acquisition, CGI will also expand its presence in several major cities in Poland.

"CGI continues to grow both organically and through strategic acquisitions, in alignment with our long-term business objectives. We are reinforcing our presence in Poland and the Baltic States by leveraging our deep expertise in the public sector and transferring proven capabilities from our operations across Europe," said Niraj Sood, CGI President in Finland, Poland and Baltics.

"We see significant opportunities for growth in the public sector by not only transferring best practices and solutions developed with our clients across Europe, but also by strengthening the capabilities of the team joining us," said Bartłomiej Nieścierowicz, Senior Vice-President and Business Unit Leader for CGI in Poland, Lithuania, Latvia and Estonia. "By combining Comarch's local expertise with CGI's technology-agnostic offerings, we are expanding the portfolio of proven solutions available to public sector organisations in Poland. Our commitment to delivering 95% of projects on time and within budget sets a new benchmark for performance and reliability in the Polish market."

Comarch has been delivering software and IT service solutions for the public administration sector since 1993. Its key offerings include ERP solutions, tools for digital process and document management, as well as consulting and managed services.

 "With over 30 years of experience delivering IT services in Poland, we strongly believe that as a part of CGI, we will further expand our presence in the public sector by introducing globally developed, market-proven intellectual property solutions tailored to the needs of the Polish market," said Tomasz Matysik, CEO of Comarch Polska.

"The completion of the transaction with CGI underscores the maturity and international competitiveness of the solutions developed by Comarch, as well as the high quality of work delivered by our teams," said Jarosław Mikos, President of the Management Board of Comarch S.A.

About CGI
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 94,000 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 2025 reported revenue is CA$15.91 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.

Forward-looking information and statements 
This press release contains "forward-looking information" within the meaning of Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable United States safe harbours. All such forward-looking information and statements are made and disclosed in reliance upon the safe harbour provisions of applicable Canadian and United States securities laws. Forward-looking information and statements include all information and statements regarding CGI's intentions, plans, expectations, beliefs, objectives, future performance, and strategy, as well as any other information or statements that relate to future events or circumstances and which do not directly and exclusively relate to historical facts. Forward-looking information and statements often but not always use words such as "believe", "estimate", "expect", "intend", "anticipate", "foresee", "plan", "predict", "project", "aim", "seek", "strive", "potential", "continue", "target", "may", "might", "could", "should", and similar expressions and variations thereof. These information and statements are based on our perception of historic trends, current conditions and expected future developments, as well as other assumptions, both general and specific, that we believe are appropriate in the circumstances. Such information and statements are, however, by their very nature, subject to inherent risks and uncertainties, of which many are beyond the control of CGI, and which give rise to the possibility that actual results could differ materially from our expectations expressed in, or implied by, such forward-looking information or forward-looking statements. These risks and uncertainties include but are not restricted to: risks related to the market such as the level of business activity of our clients, which is affected by economic and political conditions, additional external risks (such as pandemics, armed conflict, climate-related issues and inflation) and our ability to negotiate new contracts; risks related to our industry such as competition and our ability to develop and expand our services, to penetrate new markets, and to protect our intellectual property rights; risks related to our business such as risks associated with our growth strategy, including the integration of new operations, financial and operational risks inherent in worldwide operations, foreign exchange risks, income tax laws and other tax programs, the termination, modification, delay or suspension of our contractual agreements, our expectations regarding future revenue resulting from bookings and backlog, our ability to attract and retain qualified employees, to negotiate favourable contractual terms, to deliver our services and to collect receivables, to disclose, manage and implement environmental, social and governance (ESG) initiatives and standards, and to achieve ESG commitments and targets, including without limitation, our commitment to reduce our carbon emissions, as well as the reputational and financial risks attendant to cybersecurity breaches and other incidents, and financial risks such as liquidity needs and requirements, maintenance of financial ratios, interest rate fluctuations and the discontinuation of major interest rate benchmarks and changes in creditworthiness and credit ratings; as well as other risks identified or incorporated by reference in this press release, in CGI's annual MD&A and in other documents that we make public, including our filings with the Canadian Securities Administrators (on SEDAR+ at www.sedarplus.ca) and the U.S. Securities and Exchange Commission (on EDGAR at www.sec.gov). Unless otherwise stated, the forward-looking information and statements contained in this press release are made as of the date hereof and CGI disclaims any intention or obligation to publicly update or revise any forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. While we believe that our assumptions on which these forward-looking information and forward-looking statements are based were reasonable as at the date of this press release, readers are cautioned not to place undue reliance on these forward-looking information or statements. Furthermore, readers are reminded that forward-looking information and statements are presented for the sole purpose of assisting investors and others in understanding our objectives, strategic priorities and business outlook as well as our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Further information on the risks that could cause our actual results to differ significantly from our current expectations may be found in the section titled Risk Environment of CGI's annual MD&A, which is incorporated by reference in this cautionary statement. We also caution readers that the above-mentioned risks and the risks disclosed in CGI's annual MD&A and other documents and filings are not the only ones that could affect us. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial could also have a material adverse effect on our financial position, financial performance, cash flows, business or reputation.

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SOURCE CGI Inc.

FAQ

What did CGI announce about the Comarch Polska acquisition on January 5, 2026 (GIB)?

CGI announced it completed the acquisition of Comarch Polska SA, adding more than 460 professionals and expanding operations in Poland and the Baltic States.

How many employees will CGI have in Poland and the Baltic States after the Comarch Polska deal (GIB)?

CGI said the combined presence will be approximately 1,500 professionals across Poland and the Baltic States.

What capabilities does Comarch Polska bring to CGI (GIB)?

Comarch Polska brings ERP, digital process and document management, consulting, and managed services with public administration experience since 1993.

When did CGI complete the acquisition of Comarch Polska SA (GIB)?

The acquisition was completed on January 5, 2026.

Will the Comarch acquisition change CGI's service delivery targets in Poland (GIB)?

CGI said it will reinforce delivery standards and aims to deliver 95% of projects on time and within budget in the Polish market.

Does the Comarch Polska deal expand CGI's geographic footprint (GIB)?

Yes. CGI said the acquisition expands its presence into several major cities in Poland and strengthens coverage across the Baltic States.