Persistent Systems to acquire Nagarro SE for EUR 1 billion
Persistent Systems will acquire Nagarro SE for EUR 1.27 billion, with an offer of EUR 81 per share. This strategic acquisition aims to enhance Persistent's global reach and capabilities, particularly in Europe. The deal is expected to close in Q4 CY26/Q1 CY27, pending regulatory approvals and minimum acceptance.
The acquisition of a company like Nagarro for over EUR 1 billion is a material event that will significantly alter Persistent Systems' scale, geographic footprint, and service offerings. This will have a substantial impact on its market position, competitive landscape, and future growth trajectory.
The acquisition of Nagarro is a strategic move that is expected to significantly expand Persistent Systems' global presence and capabilities, particularly in the European market. The premium offered and the support from Nagarro's management indicate a strong belief in the value creation potential of this merger.
Persistent Systems Limited has announced its intention to acquire 100% of Nagarro SE, a European digital engineering firm, for an enterprise value of approximately EUR 1.27 billion. The offer price is EUR 81 per share in cash, representing a premium of approximately 140% to Nagarro's undisturbed closing price on June 25, 2026.
This acquisition is expected to create a globally balanced profile across regions and verticals, with Nagarro bringing a scaled European footprint and expertise in areas like Automotive, Manufacturing, Retail, CPG, and Financial Services. Persistent has already secured a 21% stake in Nagarro and the management board of Nagarro has expressed their intent to tender their shares. Both Nagarro's boards have fully supported the transaction and signed a Business Combination Agreement (BCA).
The transaction is subject to regulatory approvals and a minimum acceptance threshold of 50% + 1 share in the voluntary public takeover offer. Persistent has secured financing for the acquisition and has filed for necessary regulatory approvals, including FDI filings and merger control filings. The expected closing of the transaction is in Q4 CY26 / Q1 CY27.
This move is part of Persistent's strategy to expand its capabilities, diversify its geographic presence, and deepen its vertical depth, aiming to become an AI-led engineering powerhouse. The combined entity will have a global talent pool of over 18,000 professionals across 38 countries.
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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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