#Germany #Munich #Persistent Systems #Nagarro #Share Acquisition

Persistent Systems Successfully Completes Tender Offer for Nagarro

In a major strategic maneuver, Persistent Systems Limited has announced the successful completion of its tender offer for Nagarro SE, achieving a substantial stake of 83.25% in the company. This milestone follows the acceptance period that ended on September 17, 2026, where approximately 7.5 million shares, accounting for about 61.15%, were tendered. Additionally, Persistent had already secured an ownership share of approximately 22.10% through a prior acquisition deal with Lantano Beteiligungen GmbH. This brings the total acquired shares under its command to 83.25%, surpassing the minimum acceptance threshold of 50% plus one share, thus marking the offer's success.

Additional Acceptance Period

Following the initial acceptance period, Persistent has announced an additional acceptance period from September 23 to October 6, 2026. This extension allows remaining shareholders of Nagarro to tender their shares in exchange for 81.00 euros per share, which remains the same amount provided during the previous acceptance phase. Persistent Systems is confident that this additional window will encourage further participation, potentially increasing its stake in the future.

Future Plans and Market Impact

Upon conclusion of the acquisition process, Persistent intends to delist Nagarro's shares from the Prime Standard segment of the Frankfurt Stock Exchange, aiming for completion by mid-2027. This strategic goal comes with implications for liquidity in the trading of Nagarro's shares, as a delisting could diminish their market presence. Despite these changes, the management of Nagarro's board expresses a commitment to support the transition, contingent on fulfilling their fiduciary duties.

Sandeep Kalra, the CEO of Persistent Systems, commented on the offer's success, highlighting that it presents an enticing opportunity for Nagarro shareholders to realize the full value of their investments immediately. He emphasized the strategic logic behind the merger and expressed eagerness to finalize the transaction and build a global leader in AI-driven digital engineering.

Corporate Background

Persistent Systems, with its headquarters in Pune, India, and operational footprints across 21 countries, specializes in digital engineering and modernizations driven by artificial intelligence and various digital platforms. Understanding the landscape of modern technology, Persistent Systems encompasses a wide array of services including software engineering, product development, and data analytics among others. The company is recognized for its commitment to sustainable practices and has been featured in several indices reflecting corporate excellence, including being noted as a sustainable leader in its industry.

As the share acceptance process proceeds, all pertinent information, along with the offer document, will be accessible on the dedicated site www.galaxy-offer.com. Investor transparency and ongoing communication will be crucial as Persistent navigates through the final stages of this significant merger in the tech industry.