Persistent Systems to acquire Nagarro, envisions global AI powerhouse of $2.9 billion
Summary
Persistent Systems plans to acquire Nagarro through a voluntary public takeover offer and a Business Combination Agreement. The deal values the combined business as a $2.9 billion AI-led engineering powerhouse. Persistent will finance the transaction with a Barclays bridge loan and then seek to delist Nagarro from the Frankfurt Stock Exchange. The combined company would span more than 46,000 employees across over 40 countries and focus on AI, data, and digital engineering services.
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Nagarro
$500M to $1B