Cognizant to Expand Skill in Autonomous and Electric Vehicles (EV) with Acquisition of ESG Mobility

CioreviewIndia Team | Thursday, 25 March 2021, 11:53 IST

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cognizantCognizant today announced that it is acquiring Germany based ESG Mobility, a digital automotive engineering R&D provider for connected, autonomous and electric vehicles. ESG Mobility is a wholly-owned subsidiary of ESG Elektronik system and Logistik GmbH, a privately-held technology consultancy for the design, integration and operation of complex, security-related electronic and IT systems.

Company states, "The automotive industry is undergoing a fundamental shift, embracing new mobility concepts that rely heavily on software, connectivity and artificial intelligence," said Malcolm Frank, President of Digital Business and Technology, Cognizant. "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."

Acquiring ESG Mobility will enlarge Cognizant's automotive engineering proficiency, particularly in connected vehicles. Cognizant and ESG Mobility together, upon the close of the acquisition, will provide engineering services to eight of the world's top 10 automotive original equipment manufacturers (OEM).

ESG Mobility provides services across the automotive software stack with key strengths in electrical and electronic systems and connected vehicle applications, as well as emerging capabilities for autonomous and electric vehicles.

Jörg Ohlsen, Chief Executive Officer, ESG Mobility, states, "We have built a world-class team of engineering R&D and technology consultants who deeply understand our automotive clients in Germany and around the world. By joining Cognizant, we can provide a higher quality of service, build more innovative products and support a broader range of digital initiatives for our current and future customers. We look forward to using our vast automotive industry experience to create a more connected, mobile world."

The transaction is expected to close in the second quarter of 2021, subject to the completion of closing conditions. Upon completion, ESG Mobility employees will become part of Cognizant's Internet of Things (IoT) and Engineering Services Practice. Financial details were not disclosed

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