Cognizant to acquire US digital engineering firm Belcan for $1.3 billion

Cognizant, the US-based outsourcing services major with a predominantly Indian technology service-delivery footprint, on Monday said it will acquire digital engineering firm Belcan for $1.29 billion (around Rs 10,700 crore) in cash and stock. US-based Belcan has been backed by American private equity firm AE Industrial Partners since 2015.