Persistent Systems to acquire Germany's Nagarro in about €1.1 billion deal
Indian IT firm Persistent Systems announced on June 27, 2026 that it has signed a Business Combination Agreement (BCA) to acquire Germany-headquartered Nagarro SE, an AI-led digital-engineering company. Through its wholly-owned subsidiary Galaxy Germany Holding SE, Persistent will launch a voluntary public takeover offer for all outstanding Nagarro shares at €81 per share, valuing the deal at about €1.1 billion. The combined entity is expected to generate around $2.9 billion in annualised revenue, creating a larger global AI-led engineering powerhouse. It is one of the largest overseas acquisitions by an Indian IT services company.
Key Facts & Details
9 points- 1Persistent Systems will acquire Germany-based Nagarro SE via a voluntary public takeover.
- 2The offer is €81 per share, valuing the deal at about €1.1 billion.
- 3The acquisition runs through Persistent's wholly-owned subsidiary Galaxy Germany Holding SE.
- 4The combined company is expected to generate about $2.9 billion in annualised revenue.
- 5The deal was announced on June 27, 2026 via a Business Combination Agreement.
- 6It is among the largest overseas acquisitions by an Indian IT services firm.
Deep Dive
- +The acquisition expands Persistent's footprint in Europe and strengthens its AI-led digital engineering capabilities.
- +Cross-border M&A by Indian IT firms reflects a shift from organic growth to scale through global acquisitions.
- +Nagarro is a well-known digital engineering company spun off from Allgeier in Germany.
Exam Focus
Which Indian IT firm announced the acquisition of Germany's Nagarro in June 2026?
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Exam Relevance & Angle
Major corporate M&A involving Indian companies is tested in economy/business GA. The acquirer (Persistent Systems), the target (Nagarro), the value (€1.1 billion) and the combined revenue ($2.9 billion) are exam hooks.
Target Exams
Background & Context
Persistent Systems is a Pune-based Indian information-technology services and digital-engineering company. Nagarro SE is a Germany-headquartered global digital-engineering firm. A voluntary public takeover offer is a bid made to all shareholders of a listed company to acquire their shares, common in European M&A. A Business Combination Agreement (BCA) sets out the terms under which two companies agree to merge or one acquires the other. Cross-border acquisitions allow Indian IT firms to add scale, geographic reach and specialised capabilities such as artificial-intelligence-led engineering.
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Must KnowTest Yourself
1 / 2Persistent Systems announced in June 2026 the acquisition of which Germany-based company?
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