CGI completed the acquisition of Novatec.

CGI, an independent IT and business consulting services firm, completed the acquisition of Novatec, an IT services firm specialized in agile software engineering, digital products and strategic business & IT consulting services. Financial terms were not disclosed. "CGI and Novatec share a corporate culture based on results-oriented intrapreneurship, innovation and a high degree of accountability and ownership. The experts joining us from Novatec are problem solvers and, like us, are focused on delivering tangible results for clients. Together, we can create additional value for our clients in the automotive, manufacturing and financial services industries, turning digital innovation into business value," Ralf Bauer, CGI President of Germany.