Cognizant completes acquisition of Belcan to enhance technological capabilities

Aug 27, 2024•over 1 year ago

Acquiring Company

Cognizant

Acquired Company

Belcan

Teaneckinformation technology & servicesAutomotiveManufacturingInformation Technology

Description

Cognizant, a multinational technology company, has successfully completed the acquisition of Belcan, a global supplier of engineering and technical services. This acquisition aims to strengthen Cognizant's expertise in the aerospace, defense, and industrial sectors, expanding its technological capabilities and global reach.

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

Cognizant completes acquisition of Belcan to enhance technological capabilities

Description

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M&A Insights

Company Information