By Colin Kellaher

Cognizant Technology Solutions Corp. on Thursday said it agreed to buy ESG Mobility, a Munich-based provider of digital automotive engineering research and development for connected, autonomous and electric vehicles, for an undisclosed amount.

The Teaneck, N.J., professional-services company said the deal expands its automotive engineering expertise, particularly in connected vehicles.

Cognizant said ESG provides services across the automotive software stack, with strengths in electrical and electronic systems and connected vehicle applications.

Roughly 1,000 ESG employees will join Cognizant in Germany, the U.S. and China upon completion of the acquisition, expected in the second quarter, the company said.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

March 25, 2021 08:05 ET (12:05 GMT)

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