By Admin 
- Pune’s Persistent Systems will buy German Nagaro SE.
- The deal was approved by Nagaro’s major shareholders.
- The merger will generate a revenue of $2.9 billion for the company.
- Persistent will have a strong hold in the European market.
Persistent Systems to acquire Nagarro: Pune-headquartered tech company Persistent Systems is going to acquire German IT company Nagarro SE. This will be one of the biggest foreign deals in history.
The company said on June 27 that it will do a voluntary public takeover through its subsidiary ‘Galaxy Germany Holding’ to buy all the outstanding shares of German digital engineering firm ‘Nagro SE’ in cash at a price of 81 euros per share. This represents a premium of 140% over Kahmat Nagaro’s closing share price on June 25, 2026. This deal is expected to be completed by Q4CY26 or Q1CY27.
Approval received from the largest shareholder
Persistent has already received support for this ‘Business Combination Agreement’ from Nagarro’s largest shareholder – Lantano Beteiligungen GmbH. It has agreed to sell its entire 21% stake in the company. The management and supervisory board of Nagarro have also approved the deal and they intend to recommend to the shareholders that they accept the offer, subject to the review of the final offer document.
What will happen after the merger?
After the merger of Persistent Systems and Nagarro SE, it will become a stronger company, which will have more than 46000 employees in more than 40 countries. Of these, approximately 37000 employees will be in India alone. The remaining 3500 will be in North America and 3000 in Europe. Together, these two will form a global AI-based digital engineering company, whose annual revenue will be $ 2.9 billion (more than Rs 24,000 crore). After this deal the company will have more than 350 big clients. With this, their total addressable market (TAM) will increase to 1400 billion dollars.
Dominance of Indian company in European market
After the deal, Persistent’s revenue from the European market will directly increase from 9% to 22%. This will give the company a strong hold in Europe (especially in Germany). The focus of both these companies is to deliver AI-based digital engineering, cloud, ERP and customer experience globally.
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