Madrid, Spain, October 20, 2021 – CGI (NYSE: GIB) (TSX: GIB.A) announces today that it is acquiring Cognicase Management Consulting (CMC), a leading provider of technology and management consulting services and solutions for over 25 years, primarily in the Spanish market.
The acquisition will deepen CGI’s footprint in Spain and will strengthen the company’s client-proximity model. CMC will bring CGI increased capacity to better serve its clients and help them accelerate their digitization. CMC’s proven industry expertise and solutions complement CGI’s end-to-end services, ranging from comprehensive consulting capabilities to systems integration and managed IT services.
Founded in 1993, CMC delivers high-value digital services to a majority of the IBEX 35’s companies and serves large clients across all industries. With approximately 1,500 highly skilled professionals, CMC operates through a strong metro market footprint supported by delivery centers serving clients in Spain, Italy, Portugal, Colombia and Mexico. Over the years, CMC has served as a digital partner of choice through its end-to-end services portfolio and its solid ecosystem of technology partners.
“We are looking forward to joining forces with CMC in helping our clients accelerate their digitization and driving even greater business value from our united end-to-end capabilities,” said George D. Schindler, President and Chief Executive Officer at CGI. “CMC’s services, solutions and highly skilled employees will enable us to significantly strengthen our services portfolio and capabilities in Spain.”
“CMC and CGI share a common corporate culture and core values, including a strong commitment to talent and innovation, and to excellence in execution,” said Jean-Michel Baticle, President and Chief Operating Officer at CGI. ” I want to warmly welcome CMC’s consultants and other professionals to the CGI community.”
“CMC is tremendously proud to have been chosen by such a renowned industry leader as CGI to continue to grow its business,” said Jaime Hortelano, Chairman of CMC. “By joining forces, CGI becomes one of the strongest players within our markets, with an excellent, highly competitive team that will continue to provide distinctive value to our clients. I am excited to be part of CGI’s leadership team.”
Foreign investment approval by the Spanish authorities has been received for the acquisition and the transaction is on track to formally close by the end of the month.