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IT companies: How IT companies use acquisitions to build engineering competences

Posted on by darion

How IT companies use acquisitions to build engineering competences

ETtech

summary

IT companies like Cognizant are acquiring engineering services companies to expand their competencies and fend off competition from pure-play companies. Cognizant’s recent acquisition of Belcan for $1.3 billion is the largest acquisition in this segment and signals an industry trend.

5 minutes of reading,

IT companies are buying engineering services companies to both expand their pool of addressable competencies and ward off competition from pure engineering services companies backed by wealthy PE giants. On Monday, Cognizant acquired US engineering services company Belcan for $1.3 billion – the largest acquisition ever in this segment and also the largest ever by an India-based service provider in this space. This is

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