persistent bids

Persistent Systems Launches $1.3 Billion Bid to Acquire Germany's Nagarro

Persistent Systems has launched an all-cash bid of about $1.3 billion to acquire Germany's Nagarro, in one of the largest cross-border acquisitions by an Indian IT services company. The deal, offering €81 per share, would create a $2.9 billion digital engineering and AI powerhouse with over 46,000 employees and is expected to close by March 2027.