# Persistent Acquires Nagarro to Create AI-led Engineering Group

> Source: <https://letsdatascience.com/news/persistent-acquires-nagarro-to-create-ai-led-engineering-gro-bc7fdbcd>
> Published: 2026-06-28 15:59:07+00:00

For AI practitioners and engineering leaders, the Persistent-Nagarro combination materially increases available delivery scale, European-North American footprint, and cross-domain AI engineering capacity -- affecting vendor evaluation and integration planning. Per a June 27 PR Newswire release, Galaxy Germany Holding SE (a Persistent Systems subsidiary) announces a voluntary public takeover for all Nagarro shares at **EUR 81 per share** -- approximately **140%** above the June 25, 2026 undisturbed closing price and **94%** above the three-month VWAP. Persistent has secured roughly **21%** of Nagarro; Nagarro's Management and Supervisory Board intend to recommend acceptance. The transaction, backed by Barclays-committed financing, is targeted to close in Q4 2026 or Q1 2027 subject to BaFin approval and a 50%+1 acceptance threshold. The combined entity would generate approximately **USD 2.9 billion** in annual revenue with 46,000+ employees -- distinct from the deal value, which press coverage places at USD 1.3 to 1.6 billion depending on open-offer acceptance (Mint, FortuneIndia).