#Germany #Munich #Persistent Systems #Nagarro #takeover offer

Persistent Systems' Successful Takeover of Nagarro

In a notable move in the tech industry, Persistent Systems has effectively secured 83.25% of Nagarro's outstanding shares, marking a significant milestone in its strategic plans. This conclusion comes after the initial acceptance period, which ended on September 17, 2026, when a total of 7,568,145 Nagarro shares were tendered. These shares represent around 61.15% of Nagarro's total capital and voting rights. Additionally, Persistent had already secured roughly 22.10% through a share purchase agreement with Lantano Beteiligungen GmbH, consolidating an overwhelming majority to proceed with the takeover.

The company announced an extended acceptance period that runs from September 23, 2026, to October 6, 2026, allowing remaining Nagarro shareholders to tender their shares for a cash consideration of EUR 81.00 per share. This strategic acquisition not only highlights the confidence investors have in the deal but also reaffirms the importance of merging capabilities to create a more formidable entity in digital engineering.

Sandeep Kalra, CEO of Persistent Systems, remarked on the attractive opportunity the offer presented to Nagarro shareholders, emphasizing the strategic benefits of merging the two companies into a global AI-led digital engineering leader. The successful acceptance of the offer illustrates its compelling nature and the underlying logic of this merger, propelling both companies towards a future of innovation and competitiveness in the tech landscape.

Despite the enthusiasm surrounding the acquisition, the transaction could lead to a delisting of Nagarro from the Frankfurt Stock Exchange. Persistent intends to pursue this delisting strategy following the finalization of the takeover, which may affect the liquidity of Nagarro's shares. However, in accordance with their fiduciary duties, Nagarro's Management Board is poised to support this move to help facilitate the transition.

The transaction is expected to close by the end of the first quarter of calendar year 2027, pending only a few regulatory approvals, which further demonstrates Persistence's commitment to a timely and efficient takeover process. The final details and the offer document are accessible on their dedicated website (www.galaxy-offer.com).

This acquisition is a testament not just to Persistent's aggressive growth strategy, but also to its vision of transforming Nagarro's offerings within the technology realm. As businesses continue to pivot towards AI-led solutions and digital transformation, the combined resources and innovation capabilities of Persistent and Nagarro are set to create significant value for clients across various sectors.

In conclusion, as this takeover progresses, the industry is watching closely how the merger will unfold and the potential new developments that will arise from combining forces. With both companies sharing a commitment to excellence and advancement in technology, the coming months will be critical in setting the stage for their joint future in leading the transformative digital space.

Takeaways

• - Persistent Systems has successfully acquired 83.25% of Nagarro's shares, providing an opportunity for more shareholders to join.
• - The additional acceptance period is critical for shareholders to realize the financial benefits of the offer.
• - Strategic plans include potential delisting from Frankfurt Stock Exchange to enhance operational efficiency.
• - Industry experts and stakeholders are keenly observing the merger's implications for the future of digital engineering.