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CGI to acquire Novatec, terms undisclosed

CGI (GIB) announced that its wholly-owned limited partnership, CGI Deutschland, has signed an agreement to acquire Novatec. More than 300 IT and consulting experts from across Novatec’s eight offices in Germany, as well as from Granada, Spain, will join CGI. The purchase agreement was signed on January 29. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in March.

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