Teaneck-based Cognizant will acquire TQS Integration, a privately-owned global industrial data and intelligence company based in Lismore, Ireland, for an undisclosed sum, the technology companies announced on July 20.
“TQS enhances Cognizant’s end-to-end smart factory capabilities, helping clients realize information and operational technology convergence and drive digital transformation in their manufacturing operations,” said Srinivas Shankar, senior vice president and global markets lead, Life Sciences, Cognizant.
TQS’s data intelligence capabilities, which will combine with Cognizant’s core Industry+ and digital competencies, use artificial intelligence (AI) and machine learning to collect, contextualize and analyze manufacturing data. This allows manufacturers to make smarter decisions and improve operating costs, speed of implementation, and product quality and yield.
TQS helps nine of the top 10 global life sciences companies enable smart manufacturing. Cognizant, which previously strengthened its life sciences manufacturing capabilities with the 2019 acquisition of Zenith Technologies, will combine TQS’s expertise with its own to help clients transition to Industry 4.0 and expedite the production of life-changing medicines.
These service solutions, expertise and thought leadership benefit Cognizant’s current life sciences clients, as well as clients in the broader manufacturing landscape, according to a Cognizant press release.
“Our world-class team of data intelligence and technology consultants have built a tremendous track record in helping our life sciences manufacturing clients transform their businesses,” said Máire Quilty, corporate managing director, TQS. “Together with Cognizant, we look forward to broadening our impact to manufacturing clients in other industries who are looking to embrace Industry 4.0.”
TQS is Cognizant’s fifth acquisition in 2021. Since 2019, Cognizant has accelerated growth in the areas of Internet of Things, data and analytics with acquisitions, including Zenith, Bright Wolf and ESG Mobility.
TQS expands Cognizant’s presence in Ireland, a hub for the world’s leading life sciences manufacturing experts and an ideal location for delivering Industry 4.0 consulting and services to European manufacturing clients.
The transaction is expected to close in the third quarter of 2021, subject to satisfaction of closing conditions. Financial details were not disclosed.