Mumbai: IT services company Persistent Systems is set to acquire German digital engineering firm Nagarro in a landmark transaction that will significantly expand its global capabilities and strengthen its position in the digital engineering and technology services market.
The proposed acquisition is expected to create a combined entity with annual revenues of approximately $2.9 billion, making it one of the largest strategic moves in Persistent Systems’ history.
The deal is aimed at enhancing Persistent’s global footprint, particularly across Europe and other key international markets, while expanding its expertise in digital engineering, cloud transformation, AI, enterprise modernization, and software product engineering.
Nagarro has established itself as a prominent player in digital engineering, serving clients across industries including manufacturing, automotive, healthcare, retail, financial services, and telecommunications. Its strong presence in Europe is expected to complement Persistent Systems’ growing global delivery network and customer base.
Industry analysts believe the acquisition will enable Persistent to scale its operations, diversify its client portfolio, and compete more effectively with larger global IT services firms as enterprises accelerate investments in digital transformation and AI-driven technologies.
Follow Elets Technomedia Channel on WhatsApp
The combined organization is expected to leverage the strengths of both companies to deliver end-to-end digital engineering solutions, helping businesses modernize legacy systems, improve customer experiences, and adopt emerging technologies at scale.
The acquisition also reflects the ongoing consolidation trend in the global IT services industry, where companies are increasingly pursuing strategic mergers and acquisitions to expand capabilities, enter new markets, and strengthen competitive positioning.
Also Read: Finnovate Raises $2 Million in Pre-Series A Funding from Angel Investors
Upon completion, the merged entity is expected to emerge as a stronger global technology partner with enhanced innovation capabilities, a broader talent pool, and an expanded international presence, positioning it for the next phase of growth in the rapidly evolving digital engineering landscape.
Follow Elets Banking and Finance on LinkedIn
