Persistent Systems Limited — Investor Meet, 28-06-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Persistent Systems plans to acquire Nagarro for EUR 81 per share, creating a combined AI-led digital engineering powerhouse with ~$2.9 billion revenue and 46,000+ employees across 40+ countries. This voluntary public takeover offer, valued at EUR ~1.27B, is expected to close by Q1 CY27 and be cash EPS accretive from year one. The strategic move significantly boosts Persistent's European presence and diversifies its service lines and industry verticals, positioning the new group as a global leader in AI-led digital engineering. Management expressed confidence in the combined entity's growth trajectory and long-term value creation.