Persistent's Takeover Offer for Nagarro Commences

On August 6, 2026, Persistent Systems Limited, through its subsidiary Galaxy Germany Holding SE, initiated a public takeover offer for all Nagarro SE shares. The offer price is set at EUR 81.00 per share, representing a 140% premium over Nagarro's closing price on June 25, 2026. This move allows shareholders to capitalize on immediate value from their investments. The acceptance period runs until September 17, with an additional period from September 23 to October 6, 2026.

Persistent has already secured a 22% stake in Nagarro. The management and supervisory boards of both companies support the transaction. The offer's completion is conditional on achieving over 50% ownership. Persistent also seeks to delist Nagarro from the Frankfurt Stock Exchange post-acquisition, which could affect liquidity.

This acquisition is part of Persistent's strategy to enhance its digital engineering capabilities by leveraging Nagarro's strengths in AI and cloud services.