Teaneck-based Cognizant on Tuesday said it completed the acquisition of Belcan for approximately $1.3 billion in cash and stock. Belcan is a leading global supplier of engineering research & development services for the commercial aerospace, defense, space, marine and industrial verticals.
First announced in June, the acquisition strengthens Cognizant’s engineering capabilities, builds on its leadership in the Internet of Things and digital engineering practice areas, and increases its presence in the high-growth aerospace and defense services market.
“We are delighted to officially welcome Belcan to Cognizant,” Cognizant CEO Ravi Kumar said. “We believe our combined capabilities, shared focus of providing value to our clients through distinctive technological expertise, and global scale and scope means we will be able to deliver high-quality solutions to a diverse mix of customers around the world.”
Belcan is an established player in ER&D that provides mission-critical digital engineering services for a longstanding customer base across the commercial aerospace, defense, space, marine and industrial verticals, primarily in North America and the U.K.
Belcan employs over 6,500 engineers and technical consultants and brings deep expertise in embedded software, mechanical, electrical and systems engineering.
