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Persistent Systems shares slide 7% after Nagarro deal; Elara retains 'Sell' on growth, margin worries
Persistent Systems' shares dropped significantly following its announcement to acquire German digital engineering firm Nagarro for approximately EUR 1.27 billion. While this move aims to boost European presence and revenue, analysts express concerns about near-term growth and profitability impacts due to the premium acquisition price and Nagarro's weaker financial performance. The deal, financed by a bridge loan, is expected to reduce US market dependence and expand industry verticals.
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thehindubusinessline.com
Persistent Systems to acquire Nagarro, creating $2.9 billion AI-led digital engineering giant
Persistent Systems' acquisition of Nagarro will form a $2.9 billion AI-led digital engineering powerhouse with 46,000 employees globally.
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Persistent Systems to acquire Nagarro, creating $2.9 bn AI-led digital engineering giant
Persistent Systems' acquisition of Nagarro will form a $2.9 billion AI-led digital engineering powerhouse with 46,000 employees globally.
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Persistent Systems to acquire Nagarro, envisions global AI powerhouse of $2.9 billion
The transaction will be financed by a bridge loan from Barclays Bank Plc of a nominal amount of EUR 1.4 billion, backed by Corporate Guarantee up to EUR 1.54 billion
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thehindu.com
Persistent to acquire German digital engineering firm Nagarro for €1.1 billion
Persistent Systems aims to acquire Nagarro for €1.1 billion, creating a global AI-led digital engineering powerhouse.
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Persistent deal positions us for AI transformation era: Nagarro CEO Manas Human
Persistent's acquisition of Nagarro aims to create a global leader in AI transformation and engineering, says CEO Manas Human.
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timesofindia.indiatimes.com
Persistent bids to buy German company for $1.3 billion
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…
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economictimes.indiatimes.com
Persistent's Nagarro deal could be a near-term pain for long-term gain
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,…
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Persistent Systems shares slide 7% after Nagarro deal; Elara retains 'Sell' on growth, margin worries
Persistent Systems' shares dropped significantly following its announcement to acquire German digital engineering firm Nagarro for approximately EUR 1.27 billion. While this move…
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Persistent Systems shares fall after €1 billion Nagarro acquisition offer
Persistent Systems shares fell 7% after the IT firm offered €1 billion to acquire German digital engineering company Nagarro in a major deal.
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Rs 8,350 crore crash in Persistent shares explained: Why investors are worried about Nagarro deal
Persistent Systems' shares plunged nearly 11% following its announcement to acquire Germany-based Nagarro for €1.27 billion. While the deal aims to boost European presence and…
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Persistent plans to have AI engineering edge by acquiring German firm Nagarro in ₹11,820 crore deal | Explained
Persistent Systems plans to acquire Nagarro for ₹11,820 crore, creating a major global AI-led digital engineering company.
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Persistent CEO backs protocols amid Nagarro stock rally scrutiny
BENGALURU: Responding to concerns over unusual trading activity in Munich-based IT firm Nagarro’s shares ahead of the deal announcement, Persistent Systems CEO Sandeep Kalra said…
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Persistent Systems: Persistent CEO brushes off market rout, says Nagarro growth will reward investors - The Economic Times
Persistent Systems' shares came under pressure on Monday with investor concerns over the deal's size, execution risks and the uncertainty around integration. The shares ended…