Pune, India – June 27, 2026 – The digital engineering landscape just witnessed a seismic shift. Persistent Systems Limited has announced a blockbuster move, signing a Business Combination Agreement to acquire Munich-headquartered Nagarro SE, aiming to create the “Persistent – Nagarro Group,” a formidable global leader in AI-led digital engineering.
The Blockbuster Deal
Persistent has launched a voluntary public takeover offer for all outstanding Nagarro shares at a compelling EUR 81 per share. This all-cash offer represents an impressive premium of approximately 140% to Nagarro’s undisturbed closing price on June 25, 2026, underscoring Persistent’s strong conviction in the strategic value of this partnership. Crucially, Nagarro’s Management and Supervisory Boards have expressed their support for the transaction, intending to recommend acceptance of the offer to shareholders. Persistent has already secured an initial stake of approximately 21% in Nagarro, with its largest shareholder committing to sell its entire stake, signaling broad confidence in the combined entity.
A Global AI-Led Engineering Powerhouse Emerges
This strategic alliance is poised to redefine the digital engineering sector. The combined Persistent – Nagarro Group is projected to become a colossal entity with approximately USD 2.9 billion in revenue and a global workforce exceeding 46,000 employees across 40+ countries. The synergy is clear: Persistent’s deep AI-led engineering capabilities, robust North American presence, and strong partnership ecosystem will merge with Nagarro’s significant European footprint, complementary industry verticals (including industrial, consumer, TMT, and BFSI), and specialized expertise in AI, ERP, and CX delivery. This union aims to deliver unparalleled, multi-region enterprise solutions spanning AI, engineering, data, and cloud technologies.
Persistent also intends to pursue a delisting of Nagarro shares from the Frankfurt Stock Exchange as soon as legally feasible, streamlining the integration process. This merger isn’t just about scale; it’s about intelligent growth, leveraging combined strengths to lead the next wave of AI-driven digital transformation worldwide.