1. Cognizant and BayWa initiate a five-year digital transformation partnership. 2. Cognizant will manage BayWa's core IT services and employees for innovation. 3. Partnership aims to enhance efficiency with AI and automation technologies. 4. BayWa prefers Cognizant for its flexibility and sustainable IT solutions. 5. Collaboration is expected to boost BayWa’s capacity for innovation significantly.
FAQ
Why Bullish?
The collaboration indicates strong demand for Cognizant's services, likely enhancing revenue. Historically, similar partnerships boosted stock values in IT service firms.
How important is it?
The partnership with BayWa is significant, indicating potential for future revenue and growth, while also promoting innovative capabilities, influencing investor sentiment.
Why Long Term?
The five-year duration of the collaboration suggests sustained revenue growth potential, aligning with Cognizant's long-term strategy. Comparatively, successful long-term contracts typically reflect positively in stock performance.
MUNICH and FRANKFURT, Germany, Dec. 10, 2025 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) and German multi-sector trading company BayWa are initiating a five-year collaboration focused on digital transformation and IT service operations. Cognizant will take over the management of core IT services as well as a corresponding number of BayWa employees. The goal is to create a future-ready, scalable IT landscape and strengthen BayWa's capacity for innovation.
The partnership covers IT infrastructure, application management, service desk, and workplace services. By consolidating these functions under Cognizant, efficiency and synergies are expected to increase. Plans include the introduction of modern technologies such as AI and automation, along with continuous modernization of infrastructure and applications. A structured change management approach will actively involve employees.
"BayWa chose Cognizant because the service provider responds very flexibly to the needs of the diversified group and offers digital innovation and sustainable IT solutions," said Thomas Dibbern, CIO at BayWa.
"We look forward to contributing our expertise in digitalization and sustainable innovation to BayWa's digital transformation," said Andreas Golze, Managing Director for Cognizant's DACH Region.
About Cognizant
Cognizant (Nasdaq-100: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we're improving everyday life.
See how at www.cognizant.com or @cognizant.
For more information, contact: GlobalPR@cognizant.com
About BayWa AG
BayWa AG is a modern trading company operating in the fields of agriculture, heating, mobility, technology and building materials. With its products and services, it helps its customers to feed people well, create living spaces for generations and provide mobility and heating exactly where they are needed. Since 1923, the company has stood for security of supply – especially in rural areas. Today, BayWa AG is based in Munich and has around 400 locations and approximately 8,000 employees. Further information is available at: www.baywa.com/presse.
Press Contact:
BayWa AG
Arabellastraße 4
81925 München
Dr. Frank Herkenhoff
Tel.: +49 89 9222 3680
E-Mail: frank.herkenhoff@baywa.de
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SOURCE Cognizant Technology Solutions