CGI announced that its wholly-owned limited partnership, CGI Deutschland B.V. & Co. KG, has signed an agreement to acquire Novatec, an IT services firm specializing in agile software engineering, digital products, and strategic business & IT consulting services. This acquisition will integrate over 300 highly skilled IT and consulting experts from Novatec's eight offices in Germany and Granada, Spain, into CGI.
The acquisition is expected to strengthen CGI's footprint in the automotive, manufacturing, and financial services sectors, with a particular focus on the Stuttgart metro market and the South-West region of Germany, as well as expanding its presence in Spain. Novatec's product solutions in application performance management will complement CGI's existing intellectual property portfolio, enabling clients to accelerate digital innovation through new technologies like AI.
The purchase agreement was signed on January 29, 2025, and the transaction is subject to regulatory approvals and other customary closing conditions, with an expected close in March 2025. This strategic move aligns with CGI's 'Build and Buy' growth strategy, enhancing its global capabilities and network of delivery centers to deliver greater value to clients in key European markets.
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