Persistent and Nagarro Form AI-led Digital Engineering Giant

Persistent and Nagarro have signed a Business Combination Agreement, forming the Persistent–Nagarro Group. This move aims to create a global leader in AI-driven digital engineering. Persistent plans a voluntary public takeover offer of Nagarro at EUR 81 per share, marking a ~140% premium on the undisturbed closing price as of June 25, 2026.

Nagarro's management endorses the partnership, with members committed to accepting the offer. Together, they aim to create a USD 2.9 billion AI-driven engineering powerhouse with a global presence. The companies boast a strong fit, leveraging Persistent's AI-led expertise and Nagarro's European market strength.

The deal, financed by Barclays, awaits regulatory approvals expected by Q4 2026/Q1 2027. Both companies plan to preserve their brand strength, focusing on long-term growth and innovation in AI-led transformations for clients worldwide.