Persistent Systems wins shareholder favour for Nagarro acquisition
Persistent Systems says all offer details to be laid out shortly
Persistent Systems' shareholders approved the acquisition of Nagarro SE through a cash offer, as announced at the company's Annual General Meeting. The Offer Document, outlining the full terms of the deal, will be published on the Galaxy website following approval from the German Federal Financial Supervisory Authority. Sandeep Kalra, CEO of Persistent Systems, expressed delight that shareholders share the company's confidence in the strategic move.
The new entity, formed by the merger of Persistent Systems and Nagarro SE, will concentrate on AI-led digital engineering and enterprise modernization, with operations in North America, Europe, and other global markets. The combined organization aims to support multi-region enterprises with integrated AI, engineering, ERP/CX, data, and cloud capabilities across various delivery models.
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