Nagarro's Board Recommends Acceptance of Persistent's Buyback Offer
On August 15, 2026, the Executive Board and Supervisory Board of Nagarro SE, a global leader in engineering and AI transformation, gathered to announce a significant strategic development. They have jointly issued a recommendation to shareholders to accept the voluntary buyback offer from Galaxy Germany Holding SE, the offeror controlled by Persistent Systems Limited based in India. In their comprehensive statement, the boards explained their reasoning and the values highlighted in the offer document prepared by Galaxy Germany.
The offered price per share stands at an impressive €81.00, which the boards deem not only adequate but favorable for shareholders. This price reflects a substantial premium of approximately 140% compared to the last traded stock price of Nagarro on June 25, 2026, before the announcement. This makes the deal particularly appealing for investors looking for immediate returns without the risks associated with the company's longer-term strategic implementation.
Both the Executive and Supervisory boards appreciate the strategic intentions of Persistent and recognize their commitments to enhance and extend Nagarro’s existing business strategies while working collaboratively with the current board. The buyback proposal underscores their respect for the achievements of Nagarro’s workforce and aims to maintain operational stability while driving growth.
The ongoing merger discussions have established a cooperative framework for future endeavors between Nagarro and Persistent. The boards anticipate that the integration will not only bolster Nagarro’s growth trajectory but also reinforce its market position, providing a conducive environment for the continued development of innovative solutions. This merger promises to align interests and streamline operations under a shared vision.
The boards further clarified that the acceptance period for this buyback offer began following the release of the offer document on August 6, 2026, and will conclude at midnight on September 17, 2026, as per local Frankfurt time. Shareholders are encouraged to liaise with their respective banks to formalize their acceptance of the offer. Additional details and relevant resources can be accessed via the dedicated website: www.galaxy-offer.com.
As part of the deal, hitting a minimum acceptance threshold of 50% plus one share is crucial, alongside obtaining necessary permissions regarding merger control and foreign investments, as specified under various jurisdictions. The anticipated closing of the buyback process is scheduled for the fourth quarter of 2026 or the first quarter of 2027, depending on regulatory approvals.
This acquisition is part of a broader strategy aimed at delisting Nagarro, demonstrating a move towards consolidating operations for greater efficiency. Once the acquisition is completed, plans to withdraw Nagarro shares from the regulated market on the Frankfurt Stock Exchange will be initiated as soon as legally feasible.
Nagarro's leadership remains committed to upholding the fiduciary responsibilities throughout this transition, while the boards have also communicated their readiness to support a potential delisting should it be required in the future. Currently, the offeror has already secured approximately 20% of Nagarro’s shares, establishing a firmly rooted partnership ahead of formal negotiations.
In conclusion, the recommendation by Nagarro’s boards represents a pivotal moment, essentially positioning the company for accelerated growth. “This offer not only serves the interests of our shareholders but also strategically aligns with Nagarro's vision for the future,” stated Manas Human, co-founder and CEO. His sentiments were echoed by Christian Bacherl, president of the Supervisory Board, reinforcing their belief in the long-term advantages presented by this collective venture with Persistent Systems.
The offered price per share stands at an impressive €81.00, which the boards deem not only adequate but favorable for shareholders. This price reflects a substantial premium of approximately 140% compared to the last traded stock price of Nagarro on June 25, 2026, before the announcement. This makes the deal particularly appealing for investors looking for immediate returns without the risks associated with the company's longer-term strategic implementation.
Both the Executive and Supervisory boards appreciate the strategic intentions of Persistent and recognize their commitments to enhance and extend Nagarro’s existing business strategies while working collaboratively with the current board. The buyback proposal underscores their respect for the achievements of Nagarro’s workforce and aims to maintain operational stability while driving growth.
The ongoing merger discussions have established a cooperative framework for future endeavors between Nagarro and Persistent. The boards anticipate that the integration will not only bolster Nagarro’s growth trajectory but also reinforce its market position, providing a conducive environment for the continued development of innovative solutions. This merger promises to align interests and streamline operations under a shared vision.
The boards further clarified that the acceptance period for this buyback offer began following the release of the offer document on August 6, 2026, and will conclude at midnight on September 17, 2026, as per local Frankfurt time. Shareholders are encouraged to liaise with their respective banks to formalize their acceptance of the offer. Additional details and relevant resources can be accessed via the dedicated website: www.galaxy-offer.com.
As part of the deal, hitting a minimum acceptance threshold of 50% plus one share is crucial, alongside obtaining necessary permissions regarding merger control and foreign investments, as specified under various jurisdictions. The anticipated closing of the buyback process is scheduled for the fourth quarter of 2026 or the first quarter of 2027, depending on regulatory approvals.
This acquisition is part of a broader strategy aimed at delisting Nagarro, demonstrating a move towards consolidating operations for greater efficiency. Once the acquisition is completed, plans to withdraw Nagarro shares from the regulated market on the Frankfurt Stock Exchange will be initiated as soon as legally feasible.
Nagarro's leadership remains committed to upholding the fiduciary responsibilities throughout this transition, while the boards have also communicated their readiness to support a potential delisting should it be required in the future. Currently, the offeror has already secured approximately 20% of Nagarro’s shares, establishing a firmly rooted partnership ahead of formal negotiations.
In conclusion, the recommendation by Nagarro’s boards represents a pivotal moment, essentially positioning the company for accelerated growth. “This offer not only serves the interests of our shareholders but also strategically aligns with Nagarro's vision for the future,” stated Manas Human, co-founder and CEO. His sentiments were echoed by Christian Bacherl, president of the Supervisory Board, reinforcing their belief in the long-term advantages presented by this collective venture with Persistent Systems.
Topics General Business）
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