Persistent and Nagarro sign Business Combination Agreement to form the Persistent - Nagarro Group, a global leader in AI-led digital engineering
Summary
Persistent has signed a business combination agreement and plans a voluntary public takeover offer for all outstanding Nagarro shares at EUR 81 per share. The deal would create a global AI-led digital engineering group with more than 46,000 employees across 40+ countries. Nagarro’s management and supervisory boards support the transaction and plan to recommend acceptance, while the largest shareholder has already agreed to sell its stake. Persistent also intends to pursue a delisting of Nagarro from the Frankfurt Stock Exchange after closing. The combined company would expand enterprise services across AI, ERP, CX, data, and cloud capabilities.
Classifications
industries
Engineering
applications
Business Intelligence
AI Classifications
Labels
Digital Product Engineering
SaaS
AI Software
Linked Companies
Nagarro
$500M to $1B
