Persistent Systems Share Price Falls Over 8% as Company Set to Acquire Nagarro for EUR 1.27 Billion

Persistent Systems is acquiring Nagarro to form the Persistent-Nagarro Group, aiming to become a global leader in AI-led Digital Engineering.  

The acquisition is valued at an enterprise value of EUR 1.27 billion, with a cash offer of EUR 81 per share, representing a 140% premium over the undisturbed closing price on June 25, 2026. 

Persistent Systems Acquisition Details and Financials 

Persistent Systems will acquire 100% of Nagarro, with the transaction fully funded via a EUR 1.4 billion committed bridge financing facility from Barclays. Persistent has already secured a 21% stake through a share purchase agreement. The transaction is targeted to close in Q4 CY26 or Q1 CY27. 

The combined entity will have a run-rate revenue of $2.9 billion, with over 46,000 employees operating across 40+ countries. The group will become the 2nd largest Digital Engineering company globally and the 7th largest Technology Services company in India. 

Strategic Rationale and Market Impact 

This acquisition accelerates Persistent's M&A strategy to expand in Europe, increasing its European pro-forma revenue share from 9% to 22%.  

The merger combines Persistent's software and data strengths with Nagarro's expertise in ERP, Customer Experience (CX), and Industrial/Automotive AI. 

The deal establishes scaled verticals including BFSI ($750M+), TMT ($750M+), and HLS ($500M+). It is expected to be Cash EPS and Reported EPS accretive in the first year. The transaction values Nagarro at 1.27x EV/Revenue and 9.12x EV/EBITDA based on TTM figures up to March 2026. 

Read More: Persistent Systems Share Price in Focus on Acquisition of Germany's Nagarro in Strategic Europe Expansion! 

Persistent Systems Share Price Performance 

As of June 29, 2026, at 10:51 AM, Persistent Systems share price on NSE was trading at ₹4,414.50, down by 8.82% from the previous closing price. 

Conclusion 

Persistent Systems' acquisition of Nagarro for EUR 1.27 billion aims to enhance its position in AI-led Digital Engineering. The combined entity will generate $2.9 billion in revenue, with a significant increase in European market share and expanded vertical capabilities. 

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