Persistent to Acquire Germany’s Nagarro in Landmark €81/Share Deal

Persistent Systems has announced a voluntary public takeover offer to acquire Germany’s Nagarro SE for €81 per share in cash, valuing the deal at a 140% premium. The acquisition, backed by Nagarro’s management and largest shareholder, will create a $2.9 billion AI-led digital engineering company with over 46,000 employees across 40+ countries. $PERSISTENT