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Persistent Systems Eyes Nagarro for 1B Euro Deal
29 Jun
Summary
- Persistent Systems offered 1 billion euros to acquire Nagarro.
- The offer price per share for Nagarro is 81 euros.
- Nagarro's board intends to recommend the offer to shareholders.
Persistent Systems has initiated a major acquisition, offering 1 billion euros (approximately $1.14 billion) to purchase the German digital engineering company, Nagarro. This development was announced on Monday, June 29, 2026, with Persistent Systems' shares opening approximately 7% lower following the news.
The offer from Persistent Systems stands at 81 euros per share for Nagarro. The board of the German firm has stated its intention to recommend this offer to its shareholders, indicating a positive reception from Nagarro's leadership.
This proposed acquisition highlights a trend of consolidation within the IT services industry. Persistent Systems aims to leverage this deal to bolster its market position and expand its service offerings in the competitive digital engineering landscape.
