#Germany #Munich #Persistent Systems #Merger Acquisition #Nagarro

Persistent Systems Secures Major Stake in Nagarro

In a significant development within the tech industry, Persistent Systems, through its wholly-owned subsidiary Galaxy Germany Holding SE, has announced that it has successfully completed a public takeover bid for Nagarro SE. This acquisition has enabled Persistent to secure an impressive 94.04% of Nagarro’s outstanding shares, pushing far above the minimum acceptance threshold required for the transaction, which was set at 50% plus one share.

The Acquisition Journey

On October 6, 2026, the additional acceptance period for the takeover bid closed, highlighting a successful acceptance of shares. During this period, an additional 1,335,114 Nagarro shares were tendered. Coupled with the 7,568,145 shares acquired during the initial offer period, this totals 8,903,259 shares, representing approximately 71.94% of Nagarro's capital and voting rights. When added to the 22.10% stake already held by Persistent via a stock purchase agreement with Lantano Beteiligungen GmbH, Persistent has successfully claimed 94.04% of the total capital and voting rights of Nagarro.

Sandeep Kalra, the CEO and Executive Director of Persistent Systems, remarked, “The final results of our offer for Nagarro clearly demonstrate the strategic rationale behind the merger of Persistent and Nagarro. We are excited about taking the next steps towards finalizing this transaction.” This strong majority stake positions Persistent not only as a leading player in the digital engineering space but also opens up avenues to shape the future of AI-driven enterprises.

Future Plans Post-Acquisition

Looking beyond the acquisition, Persistent has announced its plans to proceed with a squeeze-out of the remaining minority shareholders of Nagarro once the transaction is finalized. Although this decision is still pending final approval, it reflects a clear strategy to consolidate control and streamline operations for further growth and innovation. Persistent is targeting the completion of this entire process by the end of the first quarter of 2027, with only a limited number of regulatory approvals remaining.

Persistent Systems, a key player in the global digital landscape, specializes in AI-driven digital engineering and enterprise modernization. With over 28,500 employees across 21 countries, the company's commitment to innovation and customer success continues to shape its growth trajectory.

A Vision for AI-Driven Engineering

The merger signifies a pivotal moment in the tech world as both companies aim to leverage their combined strengths to build a formidable entity in the realm of digital technologies. Persistent's mission is to create an AI-powered digital engineering company designed to meet the evolving needs of the marketplace across various sectors.

As we move further into the age of AI and digital transformation, this acquisition exemplifies how traditional companies can adapt and thrive by merging capabilities and resources. It’s a testament to the ever-changing landscape of technology and the strategies companies are deploying to remain relevant and competitive.

For stakeholders and investors, this development could signal new growth opportunities within Persistent Systems. As the company continues to build its portfolio and enhance its service offerings in the market, this acquisition may play a critical role in its ambitions to emerge as a leader in the AI-driven digital domain.

Stay tuned for more updates as Persistent Systems navigates this significant transition in ownership and operational strategy.