CGI enters into an agreement for the acquisition of Novatec, a leading digital services firm in Germany and Spain

Group 1 - CGI has signed an agreement to acquire Novatec, an IT services firm specializing in agile software engineering and digital products, which will enhance CGI's presence in the automotive, manufacturing, and financial services sectors in Southern Germany and expand its footprint in Spain [1][2] - The acquisition will bring over 300 skilled IT and consulting experts from Novatec's eight offices in Germany and Spain to CGI, focusing on the automotive industry and e-mobility [1][2] - The transaction is expected to close in March 2025, pending regulatory approvals and customary closing conditions [1] Group 2 - Novatec, founded in 1996, offers a wide range of IT consulting and software development services, including digital strategies and cloud-based solutions, which will complement CGI's existing portfolio [2] - The combined expertise of CGI and Novatec aims to drive additional business value for clients in the automotive, manufacturing, and financial services industries [3] - CGI's acquisition will provide Novatec clients access to CGI's global capabilities and a broad range of end-to-end services and solutions [3] Group 3 - CGI operates 26 offices in Germany, enabling a proximity-based model for consulting services while leveraging its international presence [4] - CGI, founded in 1976, is one of the largest independent IT and business consulting firms globally, with 91,000 professionals and reported revenue of CA$14.68 billion for fiscal 2024 [5]