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 to acquire Nagarro through a voluntary public takeover offer at EUR 81 per share. The deal has support from Nagarro’s management and supervisory boards, and Persistent has already secured a significant stake through a binding agreement with Nagarro’s largest shareholder. If completed, the combination will create a larger AI-led digital engineering and enterprise modernization group with broader geographic reach, deeper ERP and CX capabilities, and a stronger client base. Persistent also plans to pursue a delisting of Nagarro after closing, with completion targeted for Q4 2026 or Q1 2027 subject to approvals.
Classifications
industries
Engineering
applications
Business Intelligence
AI Classifications
Labels
Digital Product Engineering
SaaS
AI Software
Linked Companies
Nagarro
$500M to $1B
