CGI (GIB) said late Wednesday it entered into an equity purchase agreement to merge with Daugherty, a St. Louis-based services firm.

Financial details weren't disclosed.

The merger is expected to add over 1,100 consultants to CGI's team and expand its presence in US markets such as St. Louis, Atlanta, Minneapolis, Chicago, Columbus, Dallas, and New York, the company said.

The transaction is anticipated to close in December 2024, pending regulatory approval and customary closing conditions.