Cognizant To Acquire Belcan For $1.3B, Expected to Deliver Over $100M in Annual Revenue Synergies Within 3 Years and To Be 2026 EPS Accretive
Portfolio Pulse from Benzinga Newsdesk
Cognizant (NASDAQ:CTSH) announced its acquisition of Belcan, LLC for $1.3 billion. The acquisition is expected to deliver over $100 million in annual revenue synergies within three years and be EPS accretive by 2026. This move will significantly expand Cognizant's ER&D capabilities and diversify its client base into the aerospace, defense, space, and marine sectors.
June 10, 2024 | 11:03 am
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Cognizant's acquisition of Belcan for $1.3 billion is expected to significantly enhance its ER&D capabilities and diversify its client base into high-growth sectors like aerospace and defense. The deal is projected to deliver over $100 million in annual revenue synergies within three years and be EPS accretive by 2026.
The acquisition of Belcan will significantly expand Cognizant's ER&D capabilities and diversify its client base into high-growth sectors. The expected revenue synergies and EPS accretion indicate a positive financial impact, making this a strategically important move for Cognizant.
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