Persistent to acquire German digital engineering firm Nagarro for €1.1 billion

AI Summary

Persistent Systems announced plans to acquire German digital engineering firm Nagarro for €1.1 billion, emphasizing AI as a transformative force in the industry. The acquisition reflects the company's strategy to blend technical expertise with global reach in the AI sector.

Anand Deshpande, Founder, Chairman and Managing Director, Persistent Systems said, “AI is reshaping our industry at an unprecedented pace. Success will belong to companies that combine deep technical capability with global reach, while continuing to attract, develop and inspire exceptional people.”