01:28 PM EST, 01/05/2026 (MT Newswires) -- (Adds analyst comments on CGI's job postings in paragraph seven, and updates shares.)

CGI (GIB-A.TO, GIB) on Monday said it completed the previously announced acquisition of Comarch Polska SA through its wholly owned Polish subsidiary, CGI Information Systems and Management Consultants (Polska) sp. z o.o.

The company said that with the acquisition, more than 460 IT and business consulting professionals will join CGI, growing the firm's presence in Poland and the Baltic States to approximately 1,500 professionals.

Following the acquisition, CGI will also expand its presence in several major cities in Poland, added the company.

A statement noted that Comarch has been delivering software and IT service solutions for the public administration sector since 1993 and that its key offerings include ERP solutions, tools for digital process and document management, as well as consulting and managed services.

"By combining Comarch's local expertise with CGI's technology-agnostic offerings, we are expanding the portfolio of proven solutions available to public sector organisations in Poland," said Bartlomiej Niescierowicz, Senior Vice-President and Business Unit Leader for CGI in Poland, Lithuania, Latvia and Estonia. "Our commitment to delivering 95% of projects on time and within budget sets a new benchmark for performance and reliability in the Polish market."

"With over 30 years of experience delivering IT services in Poland, we strongly believe that as a part of CGI, we will further expand our presence in the public sector by introducing globally developed, market-proven intellectual property solutions tailored to the needs of the Polish market," said Tomasz Matysik, Chief Executive Officer of Comarch Polska.

Meanwhile, RBC Capital Markets in a note on Monday said the decrease in CGI's IT job postings latest quarter suggests organic growth is "likely to remain negative" in Q1/FY26.

"CGI's job postings fell another 5% Q/Q, which follows a 3% drop last quarter and marks the sixth consecutive quarter of sequential declines," the bank noted.

RBC maintained an outperform rating and has an unchanged price target of C$165 on CGI.

"Maintain Outperform, as CGI has a track record of creating shareholder value over the long term," said RBC and added that it sees M&A and share buybacks helping "sustain CGI's adj. EPS growth in the near term."

The company's shares were last seen up $0.53 at $125.76 on the Toronto Stock Exchange.

Price: 125.91, Change: +0.68, Percent Change: +0.54