$PERSISTENT

Persistent Systems is in focus after announcing a voluntary public takeover bid for German digital engineering company Nagarro SE through its subsidiary, Galaxy Germany Holding. The proposed transaction is one of the largest overseas acquisitions by an Indian IT services company and is expected to create a combined business with around US$2.9 billion in annualised revenue, significantly strengthening Persistent's global capabilities in AI-led digital engineering and enterprise modernization. The proposed combination is expected to expand Persistent Systems' presence across Europe, enhance its client base, and create cross-selling opportunities in high-growth digital transformation services. Investors are closely monitoring regulatory approvals and the progress of the transaction, as the acquisition could improve the company's long-term growth prospects and strengthen its competitive position in the global IT services industry.