04:46 PM EDT, 03/25/2025 (MT Newswires) -- CGI (GIB-A.TO) after close of trade Tuesday said it acquired Momentum Technologies, a Quebec City-based IT consulting services company specializing in data analytics and business intelligence.

The company said the acquisition will bring more than 250 consultants and professionals, "deepening the company's local presence and capacity to serve clients" across the public sector and several commercial industries such as health and insurance.

"With this acquisition, we are further strengthening our presence in Quebec City," Jalil El Mejjad, Senior Vice-President, Quebec City, at CGI, said. "Momentum Technologies has built an impressive reputation in this market for delivering high-quality services. This is also a natural evolution of our historically strong collaborations with Momentum Technologies over the years. By blending our expertise, we are enhancing our ability to serve our clients with an even broader range of AI capabilities to provide deeper insights and stronger analytics that enable clients to drive smarter decision-making."

CGI shares closed up $1.14 to $144.48 on the Toronto Stock Exchange.