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Technology
CGI (TSX: GIB.A) Completes Acquisition of Novatec, Expanding Digital Services in Germany and Spain
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Highlights
CGI (TSX:GIB.A) announced the successful completion of its acquisition of Novatec, a prominent digital services company in Germany and Spain. The acquisition was executed through CGI Deutschland B.V. & Co. KG, a wholly owned limited partnership. Novatec, founded in 1996, specializes in business and IT consulting services, including cloud-based solutions, agile products, software development, and digital strategies.
The acquisition is expected to enhance CGI's capabilities in delivering cutting-edge digital solutions. Novatec’s expertise in application performance management will complement CGI’s existing portfolio, enabling both companies to advance digital innovation for their clients. The addition of Novatec's capabilities in AI and cloud services is seen as a key step in addressing the evolving needs of clients across various industries.
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