Persistent Systems says it is pursuing the acquisition of Nagarro, a German digital engineering firm, in an all-cash deal valued at €1.1 billion. The transaction is backed by Nagarro’s largest shareholder, according to reporting that describes the move as aimed at expanding Persistent’s presence in Europe.
Both outlets frame the acquisition as part of Persistent’s broader growth strategy, including strengthening its digital engineering capabilities and global footprint. The Business Standard report also says the deal is expected to increase combined annual revenue to about $2.9 billion, indicating a significant scale-up following the merger of operations.
In a statement included in the coverage, Persistent’s founder and senior leadership position the move in the context of accelerating technology trends, saying that AI is reshaping the industry at an unprecedented pace and that future success will depend on combining technical capability with global reach while attracting and developing talent. The reports provided do not specify deal timing or regulatory approvals.
