07:09 AM EST, 01/30/2025 (MT Newswires) -- CGI (GIB-A.TO) on Thursday said it is buying German company Novatec, which specializes in software engineering, and business and IT consulting services.

Novatech, which has offices in Germany and Granada, has 300 consultants and IT specialists. The acquisition will strengthen CGI's offerings in the manufacturing and financial services sectors, with a focus on the automotive industry and e-mobility. The transaction is expected to close in March.

"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 German 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."

CGI on Wednesday announced a deal to buy BJSS, a technology and engineering consultancy based in the UK.

CGI was last seen up US$0.50, to US$115.04, in New York trading.