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R Systems to acquire Novigo Solutions for ₹400 crore upfront cash consideration; Stock rises 7%R Systems said the acquisition of Novigo Solutions creates a global digital product engineering services powerhouse with ₹2,060 crore revenue and ₹380 crore EBITDA, offering engineering, deployment and management of enterprise-scale fleets of AI agents under a single, governed platform.By Shloka Badkar   August 22, 2025, 9:09:56 AM IST (Updated)2 Min ReadShares of R Systems International Ltd. gained 7% in early trade on Friday, August 22, after the company said it has entered into a definitive agreement to acquire Novigo Solutions, a specialist in low-code / no-code (LCNC) development and intelligent-automation services.

The upfront cash consideration for the transaction is ₹400 crore, with an additional stock consideration linked to future Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) achievement, R Systems said in an exchange filing. The acquisition will be earnings-per-share (EPS) accretive for R Systems from the first year, it added.

The company said the acquisition creates a global digital product engineering services powerhouse with ₹2,060 crore revenue and ₹380 crore EBITDA, offering engineering, deployment and management of enterprise-scale fleets of AI agents under a single, governed platform.

Novigo's revenue grew at a compound annual growth rate (CAGR) of 44% over the last three years with 25% EBITDA margin and healthy free cash flow, R Systems said.

The acquisition will integrate R Systems' OptimaAI Suite with Novigo's UiPath Diamond-tier automation practice and Microsoft Copilot Centre of Excellence, the company said. The acquisition will also help R Systems expand its offerings in the Middle East region and gain delivery presence in Bengaluru and tier-2 cities such as Mangalore, it said.

Novigo's management team will continue to be a part of the combined platform and drive growth, R Systems said.

"By integrating Novigo's automation depth into our OptimaAI portfolio, we can now take customers from model engineering to autonomous execution under one roof. It's not just about adding scale, it is about adding synergetic, high-margin capabilities that translate into stronger outcomes for our clients," Nitesh Bansal, the CEO and managing director of R Systems, said.

Barclays was Novigo's financial advisore. The acquisition is expected to close in the coming weeks, subject to customary closing conditions.

Shares of R Systems International gave up all their initial gains during Thursday's trading session, ending little changed at ₹423. The stock is down 10% so far in 2025.

Also Read: Wipro shares may react to $375 million acquisition; Analysts see mixed impact to financials

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