Persistent Systems to Acquire Nagarro for EUR 1.27B, Strengthening Global Digital Engineering Presence
Persistent Systems will acquire Nagarro for EUR 1.27 billion in cash. This strategic move aims to enhance Persistent's global digital engineering capabilities and geographic reach. Nagarro reported EUR 1 billion revenue in CY2025. The transaction is expected to close by Q4 CY26 / Q1 CY27, with equity fundraising of up to USD 450 million planned.
The acquisition of a company with EUR 1 billion in revenue and a substantial global footprint will materially alter Persistent Systems' scale, market position, and competitive landscape, indicating a high impact.
The acquisition of Nagarro is a significant strategic move that is expected to enhance Persistent Systems' global presence and service offerings in digital engineering, signaling a positive outlook for future growth and market positioning.
Persistent Systems Limited announced its decision to acquire 100% of Nagarro, a European digital engineering firm, for an Enterprise Value of approximately EUR 1.27 billion. This strategic acquisition, valued at EUR 81 per share in cash, represents a significant premium to Nagarro's undisturbed closing price.
The transaction aims to create a globally balanced profile, combining Persistent's North America-led business with Nagarro's strong European footprint. Nagarro brings EUR 1 billion in revenue (CY2025) and a workforce of over 18,000 professionals across 38 countries, with a significant presence in India and Germany. This move is expected to expand Persistent's capabilities in AI, digital engineering, ERP, and CX, offering end-to-end solutions across various sectors including Automotive, Manufacturing, BFSI, and Healthcare.
The acquisition is proceeding with regulatory approvals, with merger control clearances obtained and FDI filings in progress. Persistent has already secured a 21% stake in Nagarro. The transaction is expected to close in Q4 CY26 / Q1 CY27. Persistent also plans to raise up to USD 450 million in equity, with the 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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