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Cognizant completes acquisition of Belcan to enhance its engineering staffing capabilities

Sep 04, 2024•over 1 year ago

Acquiring Company

Cognizant

Acquired Company

Belcan

Teaneckinformation technology & servicesAutomotiveManufacturingInformation Technology

Description

Cognizant (NASDAQ: CTSH) has successfully completed the acquisition of Belcan, the 13th-largest engineering staffing provider, for $1.3 billion in cash and stock. This strategic acquisition is expected to strengthen Cognizant's position in the industry and expand its capabilities in providing high-quality solutions for a diverse mix of customers around the world.

Company Information

Company

Cognizant

Location

300 Frank W Burr Blvd

Teaneck, New Jersey, United States

About

Cognizant Technology Solutions Corporation is a leading provider of IT services, consulting, and business process outsourcing. The company helps clients transform their businesses, enabling them to improve their operational efficiency and drive customer engagement. Cognizant operates in a variety of industries, including banking, healthcare, and manufacturing. They leverage digital technology to provide tailored solutions to their clients.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed