A Massive $2.9 Billion Takeover is Shaking the Global IT Industry!

Indian tech giant Persistent Systems has officially acquired German digital engineering firm Nagarro at a massive 140% premium (€81/share).

This historic buyout creates a brand new global IT powerhouse with an expected annual revenue of $2.9 Billion.

It’s a masterstroke for European expansion! Persistent’s revenue share in Europe will jump instantly from 9% to a massive 22%.

With a combined workforce of over 46,000 employees across 40 countries, they are ready to dominate the AI and Cloud engineering space.