Persistent Systems is acquiring Nagarro SE for $1.3 billion, aiming for European expansion and reduced US market reliance. While strategically beneficial long-term, the deal, funded by debt, faces short-term pressure due to Nagarro's decelerating growth and a high acquisition price. Persistent must now focus on boosting combined revenue without sacrificing profitability, a key challenge ahead.

Persistent Systems' acquisition of Nagarro will form a $2.9 billion AI-led digital engineering powerhouse with 46,000 employees globally.

Persistent Systems' acquisition of Nagarro will form a $2.9 billion AI-led digital engineering powerhouse with 46,000 employees globally.

Persistent's acquisition of Nagarro aims to create a global leader in AI transformation and engineering, says CEO Manas Human.

BENGALURU: In one of the largest cross-border acquisitions by an Indian IT services company, Persistent Systems has launched an all-cash bid to acquire Germany’s Nagarro for about…

Persistent Systems is acquiring Nagarro SE for $1.3 billion, aiming for European expansion and reduced US market reliance. While strategically beneficial long-term, the deal,…