CGI's Polish unit enters deal to acquire Comarch Polska

Mr. Kevin Linder reports CGI ENTERS INTO AN AGREEMENT FOR THE ACQUISITION OF COMARCH POLSKA SA, A LEADING IT COMPANY IN POLAND CGI Inc.'s wholly owned Polish subsidiary, CGI Information Systems and Management Consultants (Polska) sp zoo, has 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. "CGI and Comarch Polska share entrepreneurial roots, with both companies founded to deliver on the promise of technological innovation, and built through close collaboration with clients," said Francois Boulanger, CGI president and chief executive officer. "Upon completion, the merger enables CGI to strengthen the depth of our public sector expertise, bring our global expertise to clients and accelerate growth in Poland, one of Europe's most digitally advanced regions." Comarch has been delivering software and IT service solutions for the public administration sector since 1993. Its key offerings include ERP (enterprise resource planning) 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. "The acquisition of Comarch Polska by CGI demonstrates that the solutions developed by Comarch are not only innovative but also competitive on international markets," Comarch chief executive officer Jaroslaw Mikos said. "It is also proof of the maturity of our teams and the effectiveness of our business model, which combines technology, expertise and a partnership-driven approach to clients. For the remaining Comarch sectors, this is a signal to further strengthen our key business lines and to develop new technologies with an even stronger focus on innovation, stability and long-term value for our clients." "Through our acquisition of Comarch Polska SA, we will deliver comprehensive digital and business transformation offerings for social security, health and agricultural agencies, as well as other mission areas of the public sector. Furthermore, by leveraging CGI's expertise in AI, we open up new opportunities to enhance public services and strengthen the effectiveness of state administration," added Bartlomiej Niescierowicz, senior vice-president and leader for CGI in Poland, Lithuania, Latvia and Estonia. "Joining CGI opens up new opportunities for growth, allowing us to strengthen our services and deliver even greater value to our clients. Working with a global organization that combines local presence with technological leadership provides our team with opportunities to develop within an international environment," said Tomasz Matysik, director of the public sector, Comarch. About CGI Inc. Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 93,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI fiscal 2024 reported revenue is $14.68-billion and CGI shares are listed on the Toronto Stock Exchange (GIB.A) and the New York Stock Exchange (GIB). We seek Safe Harbor.