European Market
Latest news, explainers and analysis on European Market. Tracking 3 stories on Arth Vani.
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Latest on European Market
Virbac Reports €768 Million (₹6,835 Crore) H1 2026 Revenue, Up 7.4% at Constant Rates
European animal health company Virbac announced its first half 2026 revenues reached €768 million (approximately ₹6,835 crore), marking a robust 7.4% growth at constant exchange rates compared to the same period in 2025. This performance was driven by double-digit growth in its companion animal segment and solid expansion in farm animals, despite currency fluctuations impacting actual reported figures.
Persistent Systems Shares Plunge on €1.27 Billion Nagarro Acquisition News
Persistent Systems' shares saw a significant drop of nearly 11% after the company announced its plan to acquire Germany-based Nagarro for €1.27 billion. While the deal aims to strengthen Persistent's presence in Europe and boost its revenue, market experts have raised flags over the high valuation and potential challenges in integrating the new business.
Persistent's ₹10,790 Crore European Bet: Immediate Hurdles, Future Aspirations
Indian IT firm Persistent Systems is acquiring European company Nagarro SE for US$1.3 billion (approximately ₹10,790 crore), a move designed to boost its presence in Europe and reduce its reliance on the US market. While this strategy offers long-term benefits, the debt-funded deal, coupled with Nagarro's slowing growth and a high acquisition price, presents significant short-term financial challenges for Persistent. The company now faces the critical task of integrating Nagarro and driving combined revenue growth without compromising its overall profitability.
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