CGI (GIB) announced that its wholly owned Polish subsidiary, CGI Information Systems and Management Consultants entered into a conditional agreement to acquire Comarch Polska SA, a subsidiary of Comarch SA, specializing in IT solutions for public administration. The transaction is subject to regulatory approvals and other customary closing conditions. Once the acquisition of Comarch Polska SA is complete, more than 460 IT and business consulting professionals will join CGI, growing the firm’s presence in Poland and the Baltic States to approximately 1,500 professionals. Comarch has been delivering software and IT service solutions for the public administration sector since 1993. Its key offerings include ERP solutions, tools for digital process and document management, as well as consulting and managed services. The acquisition of Comarch Polska SA will strengthen CGI’s public sector expertise, enable knowledge transfer, and support the implementation of CGI’s intellectual property for the benefit of public administration agencies across the country.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GIB:
- Deloitte’s AI Blunder in the New Age of Corporate Accountability
- CGI selected by Svenska kraftnat for new multi-year framework agreement
- CGI price target lowered to C$145 from C$190 at TD Securities
- CGI resumed with a Buy at TD Securities
- CGI, Barclays partner to integrate multi-bank trade finance platform