The new entity will focus on scaled, globally diversified AI-led digital engineering and enterprise modernisation, having presence in North America and Europe and exposure in other global markets.
Shareholders of IT services company Persistent Systems approved the acquisition of Nagarro SE through its subsidiary Galaxy Germany Holding SE at Persistent's Annual General Meeting.As shareholders favour the move with a requisite majority, the company flagged all offer details to be laid out shortly. This formal Offer Document, setting out the full terms and conditions of the cash offer, will be published on the Galaxy website following approval by the German Federal Financial Supervisory Authority. Nagarro shareholders and other interested parties are encouraged to review all documentation relating to the offer as it becomes available on the website, said the company in a press release."Persistent and Nagarro will build one of the world's leading AI-led digital engineering companies. Our complementary strengths make the strategic case clear, and we are glad our shareholders share our conviction," said Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent Systems.The new entity will focus on scaled, globally diversified AI-led digital engineering and enterprise modernisation, having presence in North America and Europe and exposure in other global markets. The combined group will support multi-region enterprise clients requiring integrated AI, engineering, ERP / CX, data and cloud capabilities across local and global delivery models.Published on August 5, 2026
