Persistent Systems has announced that it will acquire German digital engineering company Nagarro in an all-cash deal valued at approximately €81 per share, marking one of its largest acquisitions to date. The transaction values Nagarro at roughly €1 billion and is expected to significantly strengthen Persistent’s presence across Europe.
The offer represents a 140 per cent premium over Nagarro’s closing price on June 25 on the Frankfurt Stock Exchange and about a 94 per cent premium to its three-month volume-weighted average price. Persistent has also secured support from Nagarro’s largest shareholder, Lantano Beteiligungen GmbH, which has agreed to tender its entire 21 per cent stake.
According to Persistent Systems, the acquisition will enhance its scale in Europe and North America while boosting its capabilities in artificial intelligence and digital transformation services. The company said the combined entity will be better positioned to help global clients accelerate their technology modernisation efforts.
Sandeep Kalra, executive director and chief executive officer of Persistent Systems, said the deal strengthens the company’s global footprint and expands its ability to deliver advanced AI-led solutions.
Munich-based Nagarro operates in more than 40 countries with around 18,500 employees. The company serves clients across industrial, consumer, technology, media and telecom, and banking and financial services sectors, and reported revenues of about €1 billion in 2025.
The acquisition is expected to deepen Persistent’s international reach and reinforce its strategy of scaling up through strategic global investments.
