COGNIZANT TO ACQUIRE BELCAN FOR APPROXIMATELY $1.3 BILLION TO SIGNIFICANTLY STRENGTHEN ENGINEERING CAPABILITIES AND ESTABLISH A LEADERSHIP POSITION IN AEROSPACE & DEFENSE MARKET [Yahoo! Fi...
Perella Weinberg Partners - Class A (PWP)
Company Research
Source: Yahoo! Finance
Immediately accelerates growth opportunity through presence in attractive aerospace & defense sector with established blue-chip clients Expected to deliver $100 million in annual revenue synergies within three years and to be accretive to 2026 EPS Cognizant to host investor conference call to discuss transaction on June 10, 2024 at 8:30 a.m. Eastern TEANECK, N.J. June 10, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) (the "Company") today announced it has signed a definitive agreement to acquire Belcan, LLC ("Belcan"), a portfolio company of AE Industrial Partners and a leading global supplier of Engineering Research & Development (ER&D) services, at a purchase price of approximately $1.3 billion in cash and stock, subject to customary adjustments. Belcan is an established player in ER&D that provides mission-critical digital engineering services for a long-standing customer base across the commercial aerospace, defense, space, marine and industrial verticals, primarily in N
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PWP
Sec Filings
- 5/24/24 - Form 4
- 5/24/24 - Form 4
- 5/24/24 - Form 4
- PWP's page on the SEC website