Persistent plans to have AI engineering edge by acquiring German firm Nagarro in ₹11,820 crore deal | Explained
The story so far: On early Saturday morning Pune based mid-sized company Persistent Systems Limited announced entering into an agreement to acquire Nagarro, a Munich, Germany-headquartered digital engineering company, through a voluntary public takeover offer vaulting that company at €1.1 billion (₹11,820 crore). The acquisition will be done by Persistent Systems and its wholly owned…