Persistent Systems has agreed to acquire Nagarro SE for EUR 81.00 per share via a voluntary public takeover offer, representing a significant premium to the current share price. The transaction, supported by Nagarro's management and supervisory boards, includes the immediate acquisition of a 21% stake from the largest shareholder. The combined entity will generate approximately USD 2.9 billion in revenue with over 46,000 employees, aiming to create a global leader in AI-led digital engineering.