Persistent Systems completes acquisition of Concise Systems OÜ business
Persistent Systems has completed the acquisition of part of the business of Concise Systems OÜ, an Estonia-based entity. The transaction closed on July 1, 2026, after all customary conditions were met.
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Persistent Systems has finalized the acquisition of part of the business of Concise Systems OÜ, Estonia. The transaction closed on July 1, 2026, following the satisfaction of all necessary customary closing conditions stipulated in the Business Purchase Agreement.
The agreement was initially entered into on May 28, 2026. The completion of the deal was disclosed to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Transaction Details
The acquisition involves the purchase of a specific portion of operations from the Estonia-based entity. The closure of the deal marks the fulfillment of the regulatory and contractual requirements agreed upon by both parties.
| Parameter | Details |
|---|---|
| Target Entity | Concise Systems OÜ |
| Location | Estonia |
| Agreement Date | May 28, 2026 |
| Closing Date | July 1, 2026 |
The intimation was submitted to the National Stock Exchange of India and BSE Limited. Amit Murari Atre, Company Secretary, signed the disclosure on behalf of Persistent Systems Limited.
Historical Stock Returns for Persistent Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.23% | -3.28% | -14.40% | -25.55% | -22.14% | +219.69% |
How will this acquisition impact Persistent Systems' revenue and market presence in the European region?
What specific capabilities or technology from Concise Systems OÜ does Persistent Systems aim to leverage?
Are there any planned workforce integrations or expansions in Estonia following this deal?
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