Business
CGI enters into an agreement for the acquisition of Novatec, a leading digital services firm in Germany and Spain
CGI enters into an agreement for the acquisition of Novatec, a leading digital services firm in G...
About this update from Cgi Inc. Class A
[{"type":"text","content":"\n\n\n\n CGI enters into an agreement for the acquisition of Novatec, a leading digital services firm in Germany and Spain\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n Acquisition will strengthen CGI's presence in the automotive, manufacturing and financial services sectors in\n \n Southern Germany\n \n , and will expand its presence in\n \n Spain\n \n\n\n\n\n Stock Market Symbols\n \n\n\n GIB (NYSE)\n \n\n\n GIB.A (TSX)\n \n\n\n www.cgi.com/newsroom\n \n\n\n\n Montréal,\n \n Quebec\n \n and Leinfelden-Echterdingen,\n \n Germany\n \n\n ,\n \n\n Jan. 30, 2025\n \n\n /CNW/ - 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\n \n Germany\n \n , with a strong presence in the\n \n Stuttgart\n \n metro market and the South-West region, as well as from\n \n Granada\n \n ,\n \n Spain\n \n , 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\n \n January 29, 2025\n \n . The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in\n \n March 2025\n \n .\n \n\n 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 ne...