Acquisition will strengthen CGI's presence in
the automotive, manufacturing and financial services sectors in
Southern Germany, and will expand
its presence in Spain
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GIB (NYSE)
GIB.A (TSX)
www.cgi.com/newsroom
Montréal, Quebec and Leinfelden-Echterdingen,
Germany, Jan. 30,
2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE:
GIB), one of the largest independent IT and business consulting
services firms in the world, today announced that its wholly-owned
limited partnership, CGI Deutschland B.V. & Co. KG, has signed
an agreement to acquire Novatec, an IT services firm specialized in
agile software engineering, digital products and strategic business
& IT consulting services. More than 300 highly skilled IT and
consulting experts from across Novatec's eight offices in
Germany, with a strong presence in
the Stuttgart metro market and the
South-West region, as well as from Granada, Spain, will join CGI and strengthen its
footprint in the manufacturing and financial services sectors, with
a special focus on the automotive industry and e-mobility. The
purchase agreement was signed on January 29,
2025. The transaction is subject to regulatory approvals and
other customary closing conditions and is expected to close in
March 2025.
Founded in 1996, Novatec serves enterprise clients through a
wide range of IT consulting and software development services,
including digital strategies, cloud-based solutions and digital
product development. Novatec's product solutions in application
performance management will complement CGI's existing solution
portfolio that enables clients to accelerate digital innovation
through new technologies such as AI.
"By combining the expertise of Novatec and CGI, we will drive
additional business value for our clients in the automotive,
manufacturing, and financial services industries," said
Ralf Bauer, CGI President of
Germany operations. "Both
companies have an excellent reputation for providing deep industry
insight and technology expertise as well as a proven track record
of excellence in execution -- all of which enable us to partner
with clients to help them achieve trusted business outcomes."
CGI's acquisition of Novatec will enable Novatec clients to gain
access to CGI's global capabilities, network of delivery centers,
and breadth of end-to-end services and solutions. Both companies
are strongly guided by an ownership-driven mentality of
outcome-oriented intrapreneurship, innovation and accountability in
the local communities where employees live and work.
"With CGI, we found a company aligned with our own principles
and culture, which was highly important for us in taking the next
step forward," said Michael
Schuchart, Novatec Founder and Managing Director. "We are
glad to see an excellent match between both companies based on the
local proximity model of CGI and a wide range of opportunities for
us to expand our joint portfolio for the benefit of our
clients."
In Germany, CGI has operations
across 26 offices to enable consultants to partner with clients
through a proximity-based model while drawing on the support of the
company's broad international presence and wide range of services
to deliver value both locally and globally.
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.
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content:https://www.prnewswire.com/news-releases/cgi-enters-into-an-agreement-for-the-acquisition-of-novatec-a-leading-digital-services-firm-in-germany-and-spain-302363956.html
SOURCE CGI Inc.