BusinessPhoto: Mint CompaniesPersistent to Squeeze Out Nagarro Shareholders, Become 7th Largest Tech Firm
Persistent Systems is set to become India's seventh-largest tech services company after increasing its stake in German software firm Nagarro to 94%. This allows Persistent to buy out remaining Nagarro shareholders under German law, integrating Nagarro and adding nearly $1 billion in annual revenue. The acquisition expands Persistent's European presence and boosts its ranking in India's IT sector. The company is focusing on execution and debt repayment post-acquisition.
Mint Companies··Pune


