Persistent and Nagarro Join Forces to Create AI-Led Digital Engineering Giant

Persistent Systems today announced a plan to acquire Nagarro SE, aiming to form a significant entity in AI-driven digital engineering. The offer presents Nagarro shareholders with EUR 81 per share, a notable 140% premium over the previous market value. This proposal has garnered support from Nagarro’s management, reflecting their belief in the merger’s strategic benefits.

The agreement will merge Persistent's North American scale with Nagarro’s European expertise, creating a USD 2.9 billion enterprise with over 46,000 employees across more than 40 countries. This venture seeks to improve service delivery for clients requiring AI, engineering, and cloud capabilities.

Persistent, planning to fund the acquisition through Barclays, has secured approximately 21% of Nagarro shares. Key stakeholders express optimism, emphasizing the alignment of corporate cultures and potential growth opportunities for employees and clients. The transaction, pending regulatory approval, might lead to Nagarro’s delisting from Frankfurt's stock market.