CGI Group (NYSE: GIB) Acquires Novatec

CGI’s (GIB) acquisition of Novatec will enable Novatec clients to gain access to CGI’s global capabilities, network of delivery centers, and breadth of end-to-end services and solutions. Both companies are strongly guided by an ownership-driven mentality of outcome-oriented intrapreneurship, innovation and accountability in the local communities where employees live and work.

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 new technologies such as AI.

“By combining the expertise of Novatec and CGI, we will drive additional business value for our clients in the automotive, manufacturing, and financial services industries,” said Ralf Bauer, CGI President of Germany operations. “Both companies have an excellent reputation for providing deep industry insight and technology expertise as well as a proven track record of excellence in execution — all of which enable us to partner with clients to help them achieve trusted business outcomes.”

“With CGI, we found a company aligned with our own principles and culture, which was highly important for us in taking the next step forward,” said Michael Schuchart, Novatec Founder and Managing Director. “We are glad to see an excellent match between both companies based on the local proximity model of CGI and a wide range of opportunities for us to expand our joint portfolio for the benefit of our clients.”

In Germany, CGI has operations across 26 offices to enable consultants to partner with clients through a proximity-based model while drawing on the support of the company’s broad international presence and wide range of services to deliver value both locally and globally.