Persistent Systems to acquire German digital engineering firm Nagarro for $1.45B
Indian IT firm Persistent Systems announced a voluntary public takeover offer for all shares of Munich-based Nagarro SE at €81 per share, valuing the deal at approximately €1.27–1.45 billion. The acquisition, supported by Nagarro’s management, will create Persistent × Nagarro Group, a $2.9 billion AI-led digital engineering powerhouse with over 46,000 employees across 40+ countries. Persistent has secured a 21% stake from Nagarro’s largest shareholder. Completion is expected by Q4 2026 or Q1 2027, pending regulatory approvals.
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Nagarro and Persistent Systems Announce Merger to Form AI-led Digital Engineering Powerhouse
In a June 28, 2026 conference call, Nagarro SE and Persistent Systems announced a potential merger to create a combined entity focused on AI-led digital engineering. The deal was described as a 'partnership made in heaven' by Anand Deshpande, Founder, Chairman & MD of Persistent. The companies emphasized strong cultural alignment, shared engineering DNA, and a focus on delivering scaled value to customers. The call featured key executives including Sandeep Kalra (CEO of Nagarro) and Vinit Teredesai (CFO). The announcement signals a major consolidation in the IT services sector, aiming to leverage AI and digital engineering capabilities.
All Articles on Seeking AlphaPersistent Systems to acquire German firm Nagarro in $1.3 billion AI engineering deal
Pune-based Persistent Systems has announced an agreement to acquire Munich-based digital engineering firm Nagarro through a voluntary public takeover offer valuing Nagarro at €1.1 billion (₹11,820 crore). The acquisition, to be executed via Persistent and its subsidiary Galaxy Germany Holding SE, will create one of the world's largest AI-led digital engineering companies with nearly $2.9 billion in annual revenue and over 46,000 employees across more than 40 countries. Persistent will pay €81 per Nagarro share in cash, representing a 140% premium over Nagarro's closing price. The deal aims to combine Persistent's strengths in AI, cloud, and North American markets with Nagarro's digital engineering, ERP, and European presence, including clients like four of Europe's top five automotive manufacturers. The transaction is expected to be cash EPS accretive in the first year and is financed by Barclays.
The Hindu: Latest News today from India and the World, Breaking news, Top Headlines and Trending News Videos.Persistent Systems to acquire Germany-based Nagarro in $1.4bn deal
Indian IT firm Persistent Systems agreed to acquire all shares of German digital engineering company Nagarro for approximately €1.27 billion ($1.45bn), launching a voluntary public takeover offer at €81 per share. The offer represents a 140% premium to Nagarro's undisturbed closing price. Persistent has secured a 21% stake from Nagarro's largest shareholder, Lantano Beteiligungen. Nagarro's management supports the deal. The combined entity, named Persistent × Nagarro Group, would become the world's second-largest digital engineering firm by revenue and India's seventh-largest tech services company, with an annualized revenue run-rate over $2.9 billion and over 46,000 employees. Completion is expected by Q4 2026 or Q1 2027 pending regulatory approvals.
Yahoo FinancePersistent Systems to acquire Germany-based Nagarro in $1.4bn deal
Indian IT firm Persistent Systems has agreed to acquire all shares of German digital engineering company Nagarro in a deal valued at approximately €1.27 billion ($1.45 billion). Persistent launched a voluntary public takeover offer at €81 per share, a 140% premium to Nagarro's undisturbed closing price. Persistent has already secured a 21% stake from Nagarro's largest shareholder. The combined entity, to be called Persistent × Nagarro Group, is expected to become the world's second-largest digital engineering company by revenue and India's seventh-largest tech services firm, with an annualized revenue run-rate of over $2.9 billion and more than 46,000 employees across 40 countries. Nagarro's management supports the deal. Completion is expected by Q4 2026 or Q1 2027, pending regulatory approvals and shareholder acceptance.
Yahoo FinancePersistent Systems to acquire German digital engineering firm Nagarro for €1.1 billion
Persistent Systems, an Indian IT services company, announced a voluntary public takeover offer for all outstanding shares of Munich-based Nagarro SE at €81 per share, valuing the firm at €1.1 billion (₹11,820 crore). The acquisition will be conducted through Persistent's German subsidiary, Galaxy Germany Holding SE. Nagarro, a digital engineering company with 18,500 employees across 40 countries and €1 billion in revenue (CY25), specializes in industrial, consumer, TMT, and BFSI verticals. The combined entity will create a $2.9 billion AI-led engineering powerhouse with over 46,000 employees across more than 40 countries. Persistent's leadership emphasized that the merger will enhance AI capabilities, global reach, and talent development. The deal is positioned as a defining milestone to build a global, engineering-led technology services leader.
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