Persistent signs EUR 81/share deal to acquire Nagarro SE, 140% premium

Listed Co AcquisitionStrategic Transactions View source PDF

PERSISTENT · price

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Price reaction · full curve 14 horizons · vs prior close

-10.7%1-day move

₹4846.50

prior close

₹4500.00

base price

After-mkt

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AI summary

Persistent Systems (NSE: PERSISTENT) signed a deal to acquire German-listed Nagarro SE for EUR 81 per share in cash, a 140% premium to the undisturbed price. Nagarro brings 18,500 employees and around EUR 1B revenue. Persistent already secured a 21% stake. Combined entity would have USD 2.9B revenue and 46,000 plus employees. Deal expected to boost per-share earnings from year one. Closing targeted for late 2026 or early 2027.

Likely market impact

Major acquisition creating a USD 2.9B AI-led engineering giant; boosts per-share earnings from year one; adds strong European presence.