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Persistent Systems to Acquire Nagarro for $1.6 Billion

27 Jun

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Summary

Persistent Systems to acquire Nagarro in an all-cash deal.
The acquisition expands Persistent's technology services footprint in Europe.
The deal is expected to be cash EPS accretive for Persistent shareholders.

Persistent Systems to Acquire Nagarro for $1.6 Billion

Persistent Systems has announced an all-cash offer to acquire Nagarro, a German-listed entity, for approximately $1.6 billion. This strategic acquisition is designed to significantly enhance Persistent's technology services footprint within the European market. The offer represents a substantial premium over Nagarro's previous closing prices.

Nagarro, headquartered in Munich, reported EUR 1 billion in revenue for CY25 and employs over 18,500 individuals across 40 countries. Its acquisition by Persistent is expected to be cash EPS accretive for Persistent shareholders in the first year, projecting combined revenues of $2.9 billion and a workforce of 46,000 employees globally.