Tag: Digital Engineering

  • Persistent Systems Acquires Nagarro for $1.3 Billion in Landmark AI-Led Digital Engineering Deal

    Persistent Systems Acquires Nagarro for $1.3 Billion in Landmark AI-Led Digital Engineering Deal

    Persistent Systems has announced its largest-ever acquisition, agreeing to buy Germany-based digital engineering firm Nagarro for $1.3 billion in an all-cash deal. The transaction positions the combined entity as a $2.9 billion AI-led digital engineering powerhouse with a significantly expanded global footprint and enhanced enterprise capabilities.

    The company has offered €81 per share for all outstanding Nagarro shares, representing a premium of approximately 140% over Nagarro’s undisturbed closing price on June 25 and around 94% over its three-month volume-weighted average price.

    Creating a $2.9 Billion Technology Company

    The acquisition will combine Persistent’s strengths in artificial intelligence, cloud computing, and software engineering with Nagarro’s expertise in digital engineering, enterprise resource planning (ERP), and customer experience. The Persistent-Nagarro Group is projected to generate annual revenues exceeding $2.8 billion and employ over 46,000 people across more than 40 countries.

    This deal significantly boosts Persistent’s presence in Europe, where it currently generates only 9% of its revenue. Post-acquisition, the European contribution is expected to rise to 22%.

    Industry experts view the acquisition as a strategic move into AI-driven business transformation. Nagarro brings deep expertise in AI, digital engineering, ERP, cloud computing, and customer experience, with strong relationships in manufacturing, banking, healthcare, telecom, and consumer sectors.

    Regulatory Process Underway

    Persistent has already secured a commitment from Nagarro’s largest shareholder, which holds nearly 21% of the company. To close the deal, Persistent must obtain acceptance from at least 51% of Nagarro’s shareholders and receive regulatory approval from Germany’s BaFin. The transaction is expected to close during the fourth quarter of 2026 or the first quarter of 2027.

    Following completion, Persistent plans to delist Nagarro from the Frankfurt Stock Exchange. Together, the combined companies will serve more than 350 enterprise clients and address a total addressable market exceeding $1.4 trillion.

  • Quest Global Named Leader in All Digital Engineering Categories in ISG Provider Lens 2026 Study for US Market

    Quest Global Named Leader in All Digital Engineering Categories in ISG Provider Lens 2026 Study for US Market

    Quest Global, the largest independent pure-play engineering services company, has been recognized as a Leader in every category of the ISG Provider Lens® Digital Engineering Services Midsize Providers 2026 Study for the U.S. market. The categories include Augmented Design and R&D Services, Intelligent Operations and Connected Experiences, and Integrated Platform and Application Services. This acknowledgment underscores the company’s ability to help enterprises accelerate innovation and tackle increasingly complex technology and business challenges.

    The ISG Provider Lens® research series is one of the most widely referenced analyst assessments used by enterprises to evaluate technology and engineering service providers. Companies named as Leaders are recognized for their comprehensive capabilities, strong market presence, competitive positioning, and ability to guide customers through evolving business and technology requirements.

    Shirish Kulkarni, Senior Lead Analyst at ISG, commented on Quest Global’s positioning: “Quest Global is leveraging its core strength in deep ER&D and systems engineering capabilities, which continue to resonate with global OEMs seeking outcome-led innovation. By sharpening its digital software and managed services capabilities around this engineering foundation, Quest Global is well positioned to support customers as they navigate increasingly complex transformation journeys.”

    The company’s leadership positions reflect its ability to help organizations bridge the growing convergence of engineering, software, data, and artificial intelligence. The assessment highlights strengths in engineering-led innovation, supported by expertise in AI-driven engineering, Model-Based Systems Engineering (MBSE), digital twins, and virtual validation frameworks. With capabilities spanning silicon-to-system engineering and high-fidelity virtual prototyping, Quest Global helps customers shorten development cycles, improve operational performance, and build scalable digital ecosystems.

    Rob Vatter, Executive President of Quest Global, said: “Engineering is no longer just a function of execution; it is increasingly the force that shapes innovation, resilience, and competitive advantage across industries. We believe this recognition reflects Quest Global’s ability to help customers navigate complex engineering challenges while advancing digital adoption, intelligent operations, and the development of next-generation products. As companies invest more deeply in AI, connectivity, and platform-led transformation, the real differentiator will be how effectively these technologies are engineered into scalable, meaningful business outcomes. That remains our focus.”

    According to the study, Quest Global’s differentiated position is driven by its deep engineering heritage, domain expertise, and ability to deliver integrated engineering solutions across the product lifecycle. The report highlights capabilities in AI-augmented engineering, intelligent operations, connected experiences, and integrated platform engineering, helping enterprises transform ideas into market-ready products and scalable digital solutions.

    To access and download the full report, click here.

    About Quest Global

    Quest Global is the largest independent pure-play engineering services company, operating in over 20 countries with more than 104 global delivery centers and 23,000+ employees. For over 25 years, the company has solved complex engineering problems across industries including Aerospace & Defence, Automotive, Energy, Hi-Tech, MedTech & Healthcare, Rail, and Semiconductor. They combine technology, industry expertise, and diverse talents to tackle critical challenges faster and more effectively.