Cognizant to buy US-based Belcan from PE firm AE Industrial Partners for $1.3b

Cognizant to buy US-based Belcan from PE firm AE Industrial Partners for $1.3b

FILE PHOTO: Figurines with computers and smartphones are seen in front of Cognizant logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

Information technology services provider Cognizant Technologies said on Monday it has agreed to acquire digital engineering firm Belcan for nearly $1.3 billion in cash and stock.