CGI To Buy IT Services Firm Novatec

By Amit Chowdhry • Feb 1, 2025

CGI, which is one of the largest independent IT and business consulting services firms in the world, announced that its wholly-owned limited partnership, CGI Deutschland B.V. & Co. KG, has signed an agreement to buy Novatec, an IT services firm specializing in agile software engineering, digital products and strategic business & IT consulting services.

Over 300 skilled IT and consulting experts from across Novatec’s eight offices in Germany, with a strong presence in the Stuttgart metro market and the South-West region, and from Granada, Spain, will join CGI and strengthen its footprint in the manufacturing and financial services sectors, with a focus on the automotive industry and e-mobility. This purchase agreement was signed on January 29, 2025. The deal is subject to regulatory approvals and other customary closing conditions and is expected to close in March 2025.

Launched 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. And 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.

CGI’s acquisition of Novatec enables Novatec clients to gain access to CGI’s global capabilities, network of delivery centers, and end-to-end services and solutions. And 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.

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 international presence and wide range of services to deliver value both locally and globally.

KEY QUOTES:

“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. 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.”

  • Ralf Bauer, CGI President of Germany operations

“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. 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.”

  • Michael Schuchart, Novatec Founder and Managing Director