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Indian IT firm’s another mega-AI deal: Persistent Systems to buy German firm Nagarro for €81 per share

Persistent Systems to buy Nagarro: The acquisition will combine Persistent's AI-led engineering and cloud capabilities with Nagarro's European digital engineering, ERP and customer experience ...
The Hindu

Persistent plans to have AI engineering edge by acquiring German firm Nagarro in ₹11,820 crore deal | Explained

The story so far: On early Saturday morning Pune based mid-sized company Persistent Systems Limited announced entering into an agreement to acquire Nagarro, a Munich, Germany-headquartered digital ...
Finanznachrichten

Persistent Systems and Nagarro sign Business Combination Agreement to form the Persistent - Nagarro Group, a global leader in AI-led digital engineering

Persistent announces the intention to launch a voluntary public takeover offer for all outstanding Nagarro shares at EUR 81 per share All-cash offer represents a highly attractive premium of ~140% to ...
moneycontrol.com

Persistent’s Nagarro deal unnerves market, hinges on seamless integration, margin turnaround

Mid-tier Indian IT services firms are increasingly turning to mergers and acquisitions (M&A) to build artificial intelligence (AI) capabilities and global scale, but Persistent Systems' biggest-ever ...
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Coforge vs Mphasis vs Persistent Systems: BofA turns selective on mid-cap IT, says AI will decide new winners

The brokerage was more cautious on Persistent Systems and LTM, initiating both with 'Underperform' ratings. BofA assigned a target price of Rs 4,875 for Persistent, saying the company has ...