Persistent Acquires Nagarro to Create AI-led Engineering Group

Persistent Systems, through its subsidiary Galaxy Germany Holding SE, announced a voluntary public takeover for all shares of Nagarro at EUR 81 per share, a 140% premium over the undisturbed closing price. The deal, backed by Barclays financing, is expected to close in Q4 2026 or Q1 2027 and would create a combined AI-led engineering group with $2.9 billion in annual revenue and over 46,000 employees.

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 .