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Persistent Systems to buy German digital engineering firm Nagarro; combined entity to generate $2.9 billion in revenue

The Pune-based IT firm has offered €81 per share in cash for Nagarro, at a 140% premium. As a combined group, they will have an expanded total Addressable Market (TAM) to over $1,400 billion, across 3

CJPN24 AI Desk•••2 min read
Persistent Systems to buy German digital engineering firm Nagarro; combined entity to generate $2.9 billion in revenue
Persistent Systems to buy German digital engineering firm Nagarro; combined entity to generate $2.9 billion in revenue
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Key Points

  • The Pune-based IT firm has offered €81 per share in cash for Nagarro, at a 140% premium.
  • As a combined group, they will have an expanded total Addressable Market (TAM) to over $1,400 billion, across 350 plus client relationships.

The Pune-based IT firm has offered €81 per share in cash for Nagarro, at a 140% premium.

As a combined group, they will have an expanded total Addressable Market (TAM) to over $1,400 billion, across 350 plus client relationships.

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Source: Moneycontrol.com

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