Persistent and Nagarro Announce EUR 81 Takeover Offer

Persistent Systems and Nagarro announced an all-cash takeover offer at EUR 81 per share, valuing Nagarro at approximately EUR 1 billion. The merger creates a $2.9 billion digital engineering entity with 46,000+ engineers across 40+ countries, combining Persistent's North American AI expertise with Nagarro's European ERP/CX capabilities. The deal, supported by Nagarro's management and with 21% secured from the largest shareholder, is expected to close in Q4 2026/Q1 2027 pending regulatory approval.

The Persistent-Nagarro merger - an all-cash offer at EUR 81 per share valuing Nagarro at approximately EUR 1 billion - is the clearest signal yet that AI-led digital engineering services are entering a scale consolidation phase. For enterprise AI teams sourcing large-scale transformation programs in Europe, the combined $2.9 billion entity 46,000+ engineers across 40+ countries will represent a significantly larger and more geographically diversified specialist integrator. Per the official joint press release June 27, 2026 , the deal pairs Persistent's North American AI engineering depth with Nagarro's European ERP/CX delivery capability and industrial-sector client base including 4 of Europe's top 5 automotive firms . Closing is targeted for Q4 2026/Q1 2027, pending BaFin approval. Nagarro's management board supports the deal; Persistent has already secured approximately 21% through a binding commitment from the largest shareholder.