CGI Strengthens European Market Position with Novatec Acquisition

CGI Strengthens Its European Market Position with Novatec Acquisition

CGI Inc., a leading independent IT and business consulting firm, has announced the completion of its acquisition of Novatec, a notable digital services provider in Germany and Spain. This strategic move is aimed at enhancing CGI's presence in key European commercial sectors, particularly in industries like automotive, manufacturing, and financial services.

Founded in 1996, Novatec has established itself as a prominent player in the digital consulting landscape, offering a broad spectrum of services including cloud solutions, agile product development, and innovative digital strategies. With the addition of Novatec’s expertise, CGI aims to provide enhanced application performance management solutions, ultimately accelerating digital innovation for its clients through advanced technologies such as artificial intelligence (AI).

According to Ralf Bauer, President of CGI Germany, the cultures of CGI and Novatec align well, both focusing on results-driven intrapreneurship and innovation. Bauer expressed confidence that the combined efforts would lead to improved value creation for clients by transforming digital innovations into tangible business outcomes.

Alberto Anaya, Senior Vice-President and Business Unit Leader for CGI Spain, emphasized that the integration of Novatec’s experienced professionals into CGI will significantly bolster the organization's local and global capabilities, thus enriching its technological expertise and industry knowledge. This integration brings over 300 IT and consulting experts from Novatec, further expanding CGI’s footprint in critical markets such as Stuttgart and the South-West region of Germany, as well as Granada, Spain.

With this acquisition, CGI not only expands its team but also enhances its service offerings. By combining local insights with global expertise, CGI aims to facilitate a more comprehensive approach to digital transformation for clients seeking innovative solutions. This aligns with CGI's broader strategy of leveraging its global delivery network to boost client outcomes and accelerate their digital journeys.

Founded in 1976, CGI has grown to become one of the largest independent IT consulting firms globally, employing around 91,000 professionals across the world. The company reported revenues of CA$14.68 billion for the fiscal year 2024, and its shares are traded on both the TSX and NYSE. CGI is committed to delivering an end-to-end portfolio of services, ranging from strategic IT consulting to systems integration and managed IT services. This acquisition of Novatec is set to strengthen CGI's capabilities and reinforce its position as a leader in digital services.

As the digital landscape continues to evolve, CGI's strategic partnerships and acquisitions will play a crucial role in ensuring that it remains at the forefront of technological advancements, providing clients with the tools they need to succeed in an increasingly competitive environment. The completion of this acquisition signals a promising future for CGI as it sets its sights on further enhancing its service offerings and creating value for clients across Europe.

For more information about CGI and its newly expanded capabilities, visit cgi.com.