Persistent Systems to Acquire Nagarro for EUR 1.27 Billion, Enhancing Digital Engineering Capabilities
Persistent Systems will acquire Nagarro for EUR 1.27 billion, aiming to enhance its digital engineering capabilities and global reach. The deal includes a cash offer of EUR 81 per share. The acquisition is expected to close by Q4 CY26 or Q1 CY27, creating a more balanced geographic and vertical profile for Persistent.
The acquisition of a company of Nagarro's size (EUR 1.27 billion) and the resulting expansion of Persistent's scale, geographic presence, and service capabilities will have a substantial impact on its business operations, market position, and future growth trajectory.
The acquisition of Nagarro at a significant premium indicates a strong strategic move aimed at expanding Persistent Systems' global footprint and service offerings, which is generally viewed positively by the market.
Persistent Systems Limited has announced a definitive agreement to acquire 100% of Nagarro SE, a European digital engineering firm, for an enterprise value of approximately EUR 1.27 billion. This strategic acquisition, priced at EUR 81 per share in cash, represents a premium of about 140% to Nagarro's undisturbed closing price on June 25, 2026, and 94% to its three-month volume-weighted average price.
The transaction values Nagarro at 1.27 times its projected CY25A Revenue and 9.19 times its projected CY25A Adjusted EBITDA. Persistent Systems has already secured a 21% stake in Nagarro and its management board has indicated their intention to tender their shares in the open offer. Both Nagarro's Supervisory and Management Boards fully support the transaction and have signed a Business Combination Agreement (BCA).
Persistent Systems is extending a voluntary public takeover offer for all outstanding shares at EUR 81 per share in cash, with a minimum acceptance threshold of 50% + 1 share. The offer period is expected to conclude by October 6, 2026, with results announced thereafter. The acquisition is anticipated to close in Q4 CY26 or Q1 CY27.
This move is expected to create a globally balanced profile for Persistent Systems, significantly strengthening its presence in Europe and expanding its capabilities in AI, digital engineering, product design, ERP, and CX. Nagarro brings a workforce of over 18,000 professionals across 38 countries and a portfolio of over 1,000 clients, enhancing Persistent's scale and diversification across various verticals like Automotive, Manufacturing, Financial Services, and Healthcare.
Persistent Systems also announced an additional investor interaction scheduled for September 29, 2026, with Norges Bank Investment Management. During this session, the company will reiterate information from its investor presentation submitted on September 19, 2026. No unpublished price-sensitive information will be shared.
What to do with a filing like this
Persistent Systems Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Persistent Systems Limited. Read the original for the full detail.