Persistent to acquire Nagarro for EUR 81/share, forming AI leader

Persistent Systems Limited has announced a voluntary public takeover offer for all outstanding Nagarro SE shares at EUR 81 per share, valuing the deal at approximately EUR 1 billion. This all-cash offer represents a significant premium of ~140% to Nagarro's undisturbed closing price on June 25, 2026. The transaction, structured as a business combination, aims to create a global leader in AI-led digital engineering with a combined revenue of approximately USD 2.9 billion and over 46,000 employees. Nagarro's management and supervisory boards support the transaction, and Persistent has already secured a ~21% stake from the largest shareholder. The combined entity will leverage Persistent's AI engineering and North American scale with Nagarro's European presence, complementary verticals, and ERP/CX delivery capabilities. The offer is subject to a minimum acceptance threshold of 50% plus one share and regulatory approval from BaFin. Persistent intends to delist Nagarro shares from the Frankfurt Stock Exchange post-completion.