Cognizant (CTSH) Boosts ER&D Capabilities With Belcan Buyout
Cognizant(CTSH) ZACKS·2024-06-12 00:05
Cognizant Technology Solutions (CTSH) is expanding its footprint in the Aerospace and Defense Market by signing a definitive agreement to acquire Belcan, a leading global supplier of digital engineering services.The acquisition, valued at approximately $1.3 billion in cash and stock, will enhance Cognizant’s capabilities in mission-critical Engineering Research & Development (ER&D) services across key sectors, including aerospace, defense, space, marine, and industrial.With Belcan’s deep domain expertise, b ...