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Barclays CEO: Persistent-Nagarro Deal Highlights India's Outbound M&A Trend
- •Barclays Group CEO C.S. Venkatakrishnan states the Persistent Systems acquisition of Nagarro exemplifies Indian companies using outbound M&A to expand capabilities globally.
- •Indian firms leverage domestic expertise to acquire overseas technology and operate more efficiently and scalably.
- •The Persistent-Nagarro transaction shows Persistent Systems bringing Indian skills to build a larger operation in Europe and worldwide.
- •Venkatakrishnan expects this trend to continue, driven by capability and market access, with interest rate fluctuations having minimal impact.
- •This M&A trend is anticipated across technology, tech services, pharmaceuticals, and heavy industries, fueled by Indian companies' growing ambition to expand globally.
Key Questions Answered
Barclays CEO C.S. Venkatakrishnan stated that Persistent Systems' acquisition of Germany-based Nagarro exemplifies how Indian companies are increasingly utilizing outbound mergers and acquisitions to deploy capabilities developed in India into overseas markets more efficiently and scalably.
Persistent Systems has secured an aggregate 83.25 per cent stake in Nagarro SE, which includes an initial 22.10 per cent stake and an additional 61.15 per cent stake acquired through a share purchase and tender offer executed via Galaxy Germany Holding SE.
Barclays CEO C.S. Venkatakrishnan expects the trend of outbound mergers and acquisitions to expand beyond technology into tech services, pharmaceuticals, and heavy industries as corporate ambitions grow both domestically and internationally.
