#Germany #Munich #Nagarro #Persistent #takeover

Nagarro's Leadership Supports Persistent's Takeover Offer

On August 14, 2026, Nagarro SE's Management Board and Supervisory Board jointly released their strategic recommendation for shareholders to accept the voluntary public takeover offer from Galaxy Germany Holding SE, which is controlled by Persistent Systems Limited based in India. The leadership team has carefully analyzed the offer and believes that the proposed price of €81.00 per share is fair and reflects Nagarro's value.

This acquisition is not just a financial transaction; it represents a significant strategic alliance aimed at fostering growth and enhancing the existing business strategies of Nagarro. The key points from the boards' joint statement emphasize that the takeover will enable closer collaboration with the current leadership of Nagarro, allowing for a seamless integration that is beneficial for all parties involved.

Details of the Offer

The offer price of €81.00 per share comes with a remarkable premium of 140% over Nagarro's Xetra closing price from June 25, 2026, prior to the announcement of the takeover decision. This generous premium provides shareholders an immediate opportunity to realize substantial gains without the risks associated with future market volatility or uncertainties tied to the takeover's execution.

Nagarro's CEO, Manas Human, expressed strong support for the takeover, stating that this partnership is aligned with the company’s long-term vision and is expected to catalyze innovative growth strategies. He noted that the deal is in the best interest of all stakeholders and offers an attractive opportunity for shareholders to secure their interests in the company.

Christian Bacherl, Chair of the Supervisory Board, reinforced this sentiment by highlighting the favorable economic and strategic perspectives associated with the acquisition. Both boards believe that the merger will significantly enhance Nagarro's potential while maintaining respect for its existing workforce and operational framework.

Acceptance Timeline and Conditions

The acceptance period for this offer commenced with the publication of the offer document on August 6, 2026, and is set to conclude on September 17, 2026, at midnight local time in Frankfurt. Shareholders are encouraged to communicate with their banks regarding the process of tendering their shares for acceptance.

The takeover is contingent upon various conditions, including a minimum acceptance threshold and necessary regulatory approvals across multiple jurisdictions. The bid is part of a strategy intended to take Nagarro private post-acquisition, with plans to delist the company's shares from the regulated market of the Frankfurt Stock Exchange as soon as legally feasible.

Moreover, the offerors have secured around 20% of Nagarro's shares through agreements with major stakeholders, underscoring the strong backing for the takeover within the investment community.

For detailed information regarding the offer, stakeholders can visit the official website at www.galaxy-offer.com. Copies of the boards' joint statement are available from Nagarro's Investor Relations, ensuring that all shareholders have access to pertinent information leading up to the decision date.

Conclusion

The endorsement from Nagarro's Management and Supervisory Boards represents a pivotal moment for the company as it navigates this significant transition. By accepting Persistent's takeover offer, shareholders are positioned to benefit from enhanced growth prospects and accelerated innovation that this strategic partnership aims to deliver in the coming years. With a clear roadmap ahead, Nagarro is set to embark on a new chapter that promises to reshape its future in the tech industry.