Persistent Systems to acquire Nagarro for EUR ~1.27B, creating a global digital engineering powerhouse.
Persistent Systems will acquire Nagarro for EUR ~1.27 billion in cash. This strategic move aims to create a global digital engineering leader with a balanced regional and vertical presence. The transaction is expected to close by Q4 CY26 / Q1 CY27.
The acquisition of Nagarro at a substantial enterprise value represents a major strategic shift for Persistent Systems, significantly altering its scale, geographic footprint, and service offerings. This will likely have a profound impact on its market position and future growth trajectory.
The acquisition of Nagarro is a significant strategic move that is expected to enhance Persistent Systems' global presence, capabilities, and diversification, leading to potential growth and market expansion. The premium paid and the support from Nagarro's management indicate a positive outlook for the combined entity.
Persistent Systems Limited has announced its agreement to acquire 100% of Nagarro, a European digital engineering firm, for an enterprise value of approximately EUR 1.27 billion. This 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.
The transaction is expected to create a globally balanced entity with enhanced capabilities across regions and verticals. Nagarro brings a revenue of EUR 999.3 million and an adjusted EBITDA of EUR 138.2 million for CY2025, with an adjusted EBITDA margin of 13.8%. The combined entity will have a significant presence in North America, Europe, and India, serving a broad range of industries including Automotive, Manufacturing, BFSI, and Healthcare.
Persistent has already secured a 21% stake in Nagarro and has launched a voluntary public takeover offer for all outstanding shares. The offer is subject to a minimum acceptance threshold of 50% + 1 share. The transaction is anticipated to close in Q4 CY26 / Q1 CY27, with various regulatory approvals already in progress or obtained. The company also plans to raise up to USD 450 million through an equity raise, with combined equity and borrowings capped at USD 1,250 million.
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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.
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