Cognizant, an information technology services and consulting company, agreed to acquire Belcan, a global supplier of engineering, supply chain, technical recruiting, and information technology services, from AE Industrial Partners, a private equity firm, for $1.3bn. "We believe that acquiring Belcan will strengthen Cognizant's position in the sizable and fast-growing ER&D services market. Belcan's deep engineering capabilities and domain expertise across the aerospace & defense market will be complemented by Cognizant's scale and own multi-decade digital engineering expertise, providing Belcan's blue-chip client roster access to our advanced AI, Cloud and Data technologies," Ravi Kumar S., Cognizant CEO.