ARTICLE AD BOX
Pune: Indian digital engineering provider Persistant Systems has announced its plans to acquire German peer Nagarro SE, as the company looks to enhance its scale and AI capabilities. Persistent is offering €81 per share to Nagarro’s shareholders, valuing the entire company at about €1.16 billion. Persistent already has a 21% stake in the company, and is aiming to gain control of the company, with the management board having accepted the offer.
The combined entity will help create a scaled, globally diversified digital engineering powerhouse, with a revenue potential of USD 2.9 billion. It aims to combine Persistent’s AI-led engineering leadership and North American scale with Nagarro’s European business, ERP/CX expertise, and complementary verticals. With a combined workforce exceeding 46,000 employees across 40 countries, the Pune-based company aims to significantly enhance its AI, digital, ERP, and CX capabilities, benefiting its clients and shareholders alike.
“At Persistent, we have always believed that great companies are built over decades, not quarters. They are built by talented people, a strong engineering culture, a willingness to innovate, and by earning clients’ trust every single day. Those principles have guided us since 1990. When we got to know Nagarro, what stood out was not just the quality of their business, but the similarity of their values. We saw the same respect for engineering, the same entrepreneurial spirit, and the same commitment to building lasting client relationships. That shared foundation gives us confidence that together we can create something even stronger. AI is reshaping our industry at an unprecedented pace. Success will belong to companies that combine deep technical capability with global reach, while continuing to attract, develop and inspire exceptional people. Together, Persistent and Nagarro will be better positioned to help our clients navigate this new era, create greater opportunities for our teams, and build an organisation that will endure for many years to come.” Dr. Anand Deshpande, Founder, Chairman and Managing Director, Persistent Systems, said in a press release.
“Both Nagarro and Persistent have grown from humble beginnings into strong technology powerhouses with high-quality people and deep client relationships. Now, with the AI revolution, we are entering an era that will reward companies like ours that already have a digital-, data- and AI-DNA. It’s a moment of great opportunity, but it also needs scale and power to make the most of it. With the combined strengths of Persistent and Nagarro, we’ll be able to deliver the complex intelligence transformation programs that our clients are increasingly demanding – at scale, across industries, and across the world. I am excited because I believe that joining forces is a compelling step forward– for the clients, shareholders, and colleagues in both companies.” Manas Human, Co-Founder and CEO, Nagarro, added.
If all goes well, this will be Persistent’s 19th acquisition, as the company has used inorganic growth to enter new geographies, gain niche technical skills, and unlock access to new client bases.
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