Persistent Systems Acquires Estonian Business for EUR 5.6 Million
Summary
Persistent Systems is buying part of Concise Systems OÜ’s business in Estonia for EUR 5.6 million. The deal includes assets, liabilities, and selected employees, and Persistent will execute it through its subsidiary PerSys Estonia OÜ. The company wants to move from a subcontracting setup to direct delivery for a key client. It also aims to reduce delivery risk and strengthen its nearshore footprint in Eastern Europe. The transaction should close in 4–8 weeks, subject to conditions.
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Persistent Systems
$50M to $100M