Cognizant to acquire Belcan for about $1.29 billion in cash and stock
Cognizant agreed on June 5, 2024 to acquire Belcan, a global engineering services provider, for a total purchase price of about $1.29 billion, consisting of $1.19 billion in cash and 1,470,589 Cognizant Class A shares. The deal is expected to close in the quarter ending September 30, 2024, subject to regulatory approvals and other conditions, and the company expects it to be broadly neutral to EPS in 2025 and accretive in 2026.
Key points
- Total purchase price of about $1.29 billion: $1.19 billion in cash plus 1.47 million Cognizant shares, valued at $97 million at the June 7, 2024 closing price
- Belcan annualized revenue expected to be over $800 million; revenue grew at an 8% compound annual growth rate over the last two years
- Cognizant expects over $100 million in annual revenue synergies within three years and intends to increase its share repurchase plan to maintain 2024 share count guidance of 497 million
- Closing requires regulatory approvals, including Hart-Scott-Rodino and UK National Security and Investment Act clearance; the deal is not subject to a financing condition
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 10, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.