Cognizant Technology Solutions (Cognizant) acquisition of Zenith Technologies expands their IoT portfolio, enabling the company to become a single-source provider of end-to-end smart factory capabilities, a key driver in Industry 4.0.
KPMG Corporate Finance LLC served as exclusive financial advisor to Cognizant, a US based company, on the cross border acquisition of Zenith, whose headquarters are in Ireland.
KPMG Corporate Finance LLC was engaged by Cognizant to assist in identifying opportunities to acquire industrial IoT technology leaders who are delivering solutions that would advance their position in this space.
KPMG conducted a global search, leveraging our deep IoT sector expertise and international reach to identify a partner for Cognizant that met its exacting acquisition criteria and worked diligently to drive a successful closing.
Brian Humphries, Chief Executive Officer, Cognizant said, “In acquiring Zenith Technologies, we expand Cognizant’s IoT portfolio and extend our life sciences domain expertise by becoming a single-source provider of end-to-end smart factory capabilities. Together, we are better positioned to help clients realize information and operational technology convergence in their manufacturing operations, and advance the development of life-saving drugs, biologics, specialized pharmaceuticals and medical devices. We look forward to welcoming Zenith Technologies’ employees to Cognizant.”
About the Engagement
Cognizant provides consulting, technology and outsourcing services worldwide. It offers analytics and artificial intelligence, digital engineering, intelligent process automation, interactive, and hybrid cloud services and solutions; and application development, systems integration, application testing and maintenance, infrastructure, and business process services to clients in the banking, retail, manufacturing, travel, energy, communications and media, and technology industries.
KPMG Corporate Finance LLC
The global Corporate Finance practices of KPMG International's network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Refinitiv based on number of completed transactions, for 2018.