Nagarro, a company in digital engineering and technology solutions owned by the German group Allgeier SE, and iQuest, a company specializing in software development and part of the same group, will join forces in Romania. The new local organization will bring together over 800 employees, according to Business-Review.eu.
The merger between iQuest Group and Nagarro is part of the business strategy of Allgeier SE, a company listed on the Frankfurt Stock Exchange. The strategy aims to group all entities within the technology portfolio of Allgeier into a separate business unit that aims at independent listing, namely the role of an innovative, full-service, global leader in digital engineering and technology solutions.
The customers served by iQuest are mainly located in geographical areas such as Germany, Switzerland, the UK, and the US. They operate mainly in areas such as Financial Services, Life Sciences, Transportation & Logistics, Utilities, and Telecom. On the other hand, Nagarro – who has been operating locally since 2005 – uses a global delivery model and has customers in areas like Manufacturing, Transportation & Logistics, Banking & Insurance, Automotive, Digital, Retail, and Telecom. After the merger, the new company anticipates a consolidation of the common areas of activity, respectively, an expansion in the new areas by exploiting the group’s potential.
While iQuest will be rebranded to Nagarro over the following months, at an operational level the two organizations will not undergo any changes: Nagarro and iQuest specialists will have the opportunity to work on higher number of projects and will have access to new technologies, experiences and delivery models. Thus, project teams can now have specialists from several geographical areas, operating on a global delivery model, as well as from areas of expertise that were not available before.
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