New Delhi, July 2 -- Recent acquisitions by Indian IT services companies signal a shift from their earlier reluctance to buy continental European assets to viewing the region as a key growth market. Persistent Systems' acquisition of Germany-based Nagarro follows LTM Ltd's purchase of Randstad's technology and consulting business in May. HCL Technologies Ltd (HCLTech), Wipro, and Infosys have also acquired niche firms across continental Europe in recent years.

Mint explains what's driving this shift.

Yes. Persistent Systems' purchase of Munich-based digital engineering firm Nagarro and LTM's acquisition of Randstad's technology and consulting business highlight the growing momentum. HCLTech, Wipro, and Infosys have made similar acquisit...