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Announced

Cognizant to acquire ESG Mobility.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Cross Border

Private

Single Bidder

Friendly

Germany

Electronic Equipment: Other

Majority

Pending

automotive engineering products

Synopsis

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Cognizant, an American multinational technology company that provides business consulting, agreed to acquire ESG Mobility, a digital automotive engineering R&D provider. Financial terms were not disclosed. "The automotive industry is undergoing a fundamental shift, embracing new mobility concepts that rely heavily on software, connectivity and artificial intelligence. Our priority is providing clients with the capabilities they need to compete as modern digital businesses, and ESG Mobility is a natural complement to our existing connected mobility offerings and global delivery model. This acquisition will empower our clients to innovate more quickly in shaping the future of transportation. We look forward to welcoming ESG Mobility's talented team to Cognizant," Malcolm Frank, Cognizant President of Digital Business and Technology.

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