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CGI Group Inc Cl A Sv TSX: GIB-A-T

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CGI announces deal to buy Spanish firm Cognicase Management Consulting

Canadian Press - Wed Oct 20, 2021

MONTREAL — CGI Inc. says it has signed a deal to acquire Spanish company Cognicase Management Consulting (CMC).

Financial terms of the deal were not immediately available.

CMC was founded in 1993.

It provides technology and management consulting services to clients in Spain, Italy, Portugal, Colombia and Mexico.

CGI CEO George Schindler says the addition of CMC will allow the company to significantly strengthen its services portfolio and capabilities in Spain.

Montreal-based CGI says it has received foreign investment approval from the Spanish authorities and the deal is expected to close by the end of the month.

This report by The Canadian Press was first published Oct. 20, 2021.

Companies in this story: (TSX:GIB.A)

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