Divestiture • Information Technology

Cognizant Acquires KIS Information Services

On December 1, 2016, Cognizant acquired information technology company KIS Information Services from Klockner & Co.

Acquisition Context
  • This is Cognizant’s 5th transaction in the Information Technology sector.
  • This is Cognizant’s 1st transaction in Germany.

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M&A Deal Summary

Date December 1, 2016
Target KIS Information Services
Sector Information Technology
Buyer(s) Cognizant
Sellers(s) Klockner & Co.
Deal Type Divestiture

Target Company

KIS Information Services

Duisburg, Germany
KIS Information Services GmbH is an information technology services provider. KIS Information Services GmbH is headquartered in Duisburg, Germany.
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Buyer Overview 1

Buyer

Cognizant

Teaneck, New Jersey, United States

Category Company
Founded 1988
Sector Information Technology
Employees336,800
Revenue 19.7B USD (2024)
DESCRIPTION
Cognizant's office in Hyderabad, India.
Cognizant's office in Hyderabad, India.

Cognizant is a provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. Cognizant was incorporated in 1994 and is based in Teaneck, New Jersey.


Deal Context for Buyer #
Overall 21 of 56
Sector: Information Technology 5 of 21
Type: Divestiture 5 of 9
Country: Germany 1 of 2
Year: 2016 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-29 Mirabeau BV

Amsterdam, Netherlands

Mirabeau BV is a marketing digital agency with experts in the fields of customer experience design, marketing, development and cloud services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-16 Adaptra Group Pty.

Sydney, Australia

Adaptra Group Pty. Ltd. is a consulting, business transformation and IT services provider. Adaptra specialises in consulting, programme management, and implementation of core platforms such as Guidewire to enable insurance companies to drive improvements across key functional areas such as underwriting, policy administration, claims management and billing.

Buy -

Seller Profile 1

SELLER

Klockner & Co.

Duisburg, Germany

Category Company
Sector Distribution
DESCRIPTION

Klockner & Co. is a large multi-metal distribution company. Klockner services over 200,000 customers and distributes a wide variety of steel, aluminum and non-weighted products, including flat, long, stainless steel and aluminum products; roof and wall, plastic and building materials; and other non-weighted products. The Company operates approximately 250 warehouse facilities in ten European countries, the U.S. and Canada. Klockner & Co. is based in Duisburg, Germany.


Deal Context for Seller #
Overall 3 of 3
Sector: Information Technology 1 of 1
Type: Divestiture 3 of 3
Country: Germany 3 of 3
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-01 Klockner Pentaplast

Heiligenroth, Germany

Klockner Pentaplast is a producer of films for pharmaceutical, medical device, food, electronics, and general-purpose thermoform packaging, as well as printing and specialty applications. Klockner Pentaplast was founded in 1965 and is based in Heiligenroth, Germany.

Sell €925M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 National Material de Mexico

Roswell, Georgia, United States

National Material de Mexico is an independent service center and materials supplier serving automotive and industrial end markets in North America with ten facilities throughout Mexico. National Material de Mexico is based in Roswell, Georgia.

Buy -