target audience: TECH SUPPLIER Publication date: Jul 2024 - Document type: Market Note - Doc Document number: # US51627424
Cognizant Bolsters Its Engineering Services Practice by Acquiring Belcan
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Abstract
This IDC Market Note discusses Cognizant's acquisition of Belcan LLC, aiming to bolster the company's engineering services, particularly in aerospace and defense, leveraging Belcan's expertise and customer base in the United States and the United Kingdom. This strategic move, valued at $1.3 billion, is expected to enhance Cognizant's end-to-end engineering service offerings and drive significant revenue growth.
"In a rapidly evolving engineering landscape, Cognizant's acquisition of Belcan marks a strategic pivot toward dominating the aerospace and defense sector, promising unprecedented growth and innovation," said Abhishek Mukherjee, research manager, Worldwide Digital Engineering and Operational Technology Services at IDC.