Persistent Systems Limited has announced the successful establishment of PerSys Estonia OÜ, a new wholly owned subsidiary. The entity was formed on May 22, 2026, under the Aepona Group Limited, aiming to strengthen the company’s technology services presence across the European region. With a share capital of EUR 10,000, this strategic move is designed to support the firm’s global growth trajectory and enhance its service delivery capabilities in key international markets.
Strategic Expansion in Europe
As part of its ongoing global growth strategy, Persistent Systems has successfully incorporated PerSys Estonia OÜ in Estonia. This entity, established on May 22, 2026, functions as a wholly owned subsidiary of Aepona Group Limited. This development underscores the company’s commitment to broadening its operational footprint and tapping into new technology service opportunities within the European market.
Details of the Acquisition
The new entity, which is headquartered in Estonia, was incorporated in April 2026. The acquisition was executed via an all-cash transaction with a total cost of EUR 10,000. PerSys Estonia OÜ will focus on providing Information Technology and IT-enabled services. As a result of this transaction, the company is now a fully controlled subsidiary, enabling Persistent Systems to integrate the new unit directly into its broader service architecture and regional expansion efforts.
Operational Outlook
The formation of this subsidiary marks a critical step in scaling the company’s influence within Europe. By establishing a dedicated presence, the firm aims to better serve its international client base and improve service delivery efficiency. This initiative is not a related party transaction, and there is no interest from the promoter or promoter group in the entity beyond its strategic value to the Persistent group.
Source: BSE
