Persistent Systems has announced it will acquire German digital engineering firm Nagarro, a transaction that will create a combined entity with a revenue run-rate of $2.9 billion.
The deal, confirmed by the company on Saturday, positions the merged group as a significant force in the AI-led digital engineering market.
05 billion. The combined company will employ roughly 46,000 people globally, marking one of the largest consolidations in the sector in recent years.
The acquisition brings together Persistent’s Indian IT services capabilities with Nagarro’s European software development footprint.
According to reports from The Globe and Mail and New York Times Business, the offer values Nagarro at approximately €1.05 billion.
The combined company will employ roughly 46,000 people globally, marking one of the largest consolidations in the sector in recent years.
This move signals a shift toward larger-scale digital engineering providers capable of delivering end-to-end AI solutions.