Persistent Systems Limited (PERSISTENT) — Announcement

📢 Key Event
Persistent and Nagarro to form global AI engineering leader via €81/share cash takeover

🔄 What Changed
New global entity creation; €2.9B combined revenue; 46k+ employees; €125M+ ACV deal

🔮 What's Next
Closing anticipated Q4 CY26/Q1 CY27; minimum 50%+1 share acceptance threshold

⚠️ Risks
Regulatory approvals required in Germany and US; cross-border legal complexities; potential integration challenges

Persistent Systems announced a strategic merger with Nagarro to form a global AI-led digital engineering leader, combining $1.7B and €1B revenues into a $2.9B entity with 46,000+ employees across 40+ countries. The deal includes a $125M+ annual contract value and $650M+ total value over 6.5 years, accelerating European expansion and vertical diversification while targeting cash EPS accretion in year one.

📄 View Original Announcement (PDF)

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