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Cognizant completes acquisition of Belcan to enhance its engineering staffing capabilities

Sep 04, 2024•11 months ago

Acquiring Company

Cognizant

Acquired Company

Belcan

TeaneckAutomotiveManufacturingInformation 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

Teaneck, New Jersey, United States

About

Cognizant (Nasdaq-100: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we’re improving everyday life. See how at www.cognizant.com or @cognizant.

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

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