CGI enters into an agreement for the acquisition of Comarch Polska SA, a leading IT company in Poland
Executive Summary
- CGI’s Polish subsidiary has entered into a conditional agreement to acquire Comarch Polska SA, a leading IT services provider for public administration in Poland.
- The transaction will add roughly 460 IT and business‑consulting professionals, expanding CGI’s footprint in Poland and the Baltic States to about 1,500 staff.
- Completion is subject to regulatory approvals and customary closing conditions; the deal is positioned to deepen CGI’s public‑sector expertise and accelerate growth in a digitally advanced market.
Key Details
- Parties:
- Acquirer – CGI Information Systems and Management Consultants (Polska) sp. z o.o., wholly owned subsidiary of CGI Inc. (TSX: GIB.A, NYSE: GIB).
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Target – Comarch Polska SA, a subsidiary of Comarch SA, specializing in IT solutions for public administration.
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Transaction Structure:
- Conditional agreement to acquire 100 % of the issued and outstanding shares of Comarch Polska SA.
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Subject to regulatory approvals (competition, foreign investment) and customary closing conditions (shareholder approvals, due diligence).
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Professional Headcount Impact:
- Approximately 460 IT and business‑consulting professionals will join CGI upon closing.
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Total CGI presence in Poland & Baltic States will rise to ~1,500 professionals.
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Strategic Rationale:
- Strengthen CGI’s public‑sector expertise in Poland (social security, health, agriculture, etc.).
- Leverage CGI’s global AI and digital transformation capabilities across Comarch Polska’s client base.
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Accelerate growth in one of Europe’s most digitally advanced regions.
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Leadership Comments:
- François Boulanger, President & CEO, CGI – highlighted the merger’s ability to deepen public‑sector expertise and accelerate Polish growth.
- Jarosław Mikos, CEO, Comarch – noted the acquisition validates Comarch’s competitive solutions and business model.
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Bartłomiej Niescierowicz, SVP & Leader for CGI in Poland, Lithuania, Latvia & Estonia – emphasized new AI‑driven opportunities for public services.
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Financial Context (non‑specific):
- No purchase price or financing terms disclosed in the release.
- CGI’s FY 2024 revenue was CA$14.68 billion; the acquisition is expected to be accretive to growth but financial impact details are pending completion.
Notable Quotes
- “Upon completion, the merger enables CGI to strengthen the depth of our public sector expertise… and accelerate growth in Poland, one of Europe’s most digitally advanced regions.” – François Boulanger, President & CEO, CGI
- “The acquisition of Comarch Polska by CGI demonstrates that the solutions developed by Comarch are not only innovative but also competitive on international markets.” – Jarosław Mikos, CEO, Comarch
Materiality Assessment: Material – Positive (significant strategic acquisition likely to affect future revenue growth and market positioning).