Persistent Systems has announced plans to acquire German digital engineering firm Nagarro, a transaction that will combine the two companies into a single entity with a revenue run-rate of $2.9 billion.
The deal, disclosed on Saturday, is designed to create a global powerhouse focused on AI-led digital engineering services.
This move aligns with a broader trend of corporate consolidation in the global M&A market, which is on track to reach $4 trillion in deal value this year.
The combined organization will employ approximately 46,000 people worldwide, significantly expanding Persistent's presence in Europe through Nagarro's established operations.
The acquisition underscores the growing appetite for consolidation in the technology services sector as firms seek to scale their artificial intelligence and digital transformation capabilities.
This move aligns with a broader trend of corporate consolidation in the global M&A market, which is on track to reach $4 trillion in deal value this year.
The surge in activity marks the most active period for mergers since 2021, driven by large-scale transactions aimed at capturing market share and technological advantage.