Persistent Systems has agreed to acquire all shares of Germany-based digital engineering firm Nagarro in a deal worth approximately €1.27 billion, or $1.45 billion. The Indian technology company launched a voluntary public takeover offer at €81 per share in cash, representing a premium of about 140% to Nagarro's undisturbed closing share price on 25 June 2026. Persistent has already secured an approximately 21% stake through a share purchase agreement with Nagarro's largest shareholder, Lantano Beteiligungen. The offer is being made through a Persistent subsidiary for all outstanding Nagarro shares, and Nagarro's management and supervisory boards intend to recommend shareholders accept it. The combined group is expected to become the world's second-largest digital engineering company by revenue, with an annualised revenue run-rate of over $2.9 billion and more than 46,000 employees across 40 countries.
Nagarro SEAcquired at a 140% premium to undisturbed price, shareholders recommended to accept.
Acquiring Nagarro to become second-largest digital engineering firm, expected synergies.
Sold its 21% stake in Nagarro to Persistent as part of the deal.