#Germany #Munich #Persistent Systems #Nagarro #Takeover Bid

Persistent Successfully Completes Takeover Bid for Nagarro

On September 23, 2026, Persistent Systems Limited, via its wholly-owned subsidiary Galaxy Germany Holding SE, announced a significant milestone in the corporate world: the successful conclusion of its voluntary public takeover offer for Nagarro SE. With a remarkable reception, Persistent has secured 83.25% of the outstanding shares of Nagarro, indicating a strong commitment to this strategic acquisition.

Shareholder Participation and Further Opportunities

The initial acceptance period for shareholders concluded on September 17, 2026, during which 7,568,145 shares of Nagarro were offered, equating to 61.15% of the company’s total share capital. Additionally, in a separate agreement, Persistent has obtained a further 22.10% of shares from Lantano Beteiligungen GmbH, showcasing effective negotiations and strategy to assure a controlling interest in Nagarro.

For Nagarro shareholders who have not yet participated, an additional acceptance period will run from September 23 to October 6, 2026. During this time, shareholders can tender their shares for a cash payment of €81.00 per share. Persistent aims to announce the final count of shares received after the conclusion of this period, reinforcing their intent to foster shareholder engagement throughout this transition.

Strategic Vision and Future Integration

Sandeep Kalra, CEO of Persistent Systems Limited, stated, "We offered Nagarro shareholders an attractive opportunity to realize the full and immediate value of their shares. The success of the offer underscores its attractiveness and the strategic rationale behind the merger of Persistent and Nagarro.” This statement reflects the ambitious vision that both companies hold towards becoming a leader in AI-powered Digital Engineering solutions.

In line with future plans, Persistent intends to delist Nagarro's shares from the regulated market of the Frankfurt Stock Exchange promptly following the approval of the acquisition. This transition aims to enhance operational flexibility and a direct focus on building a robust partnership within the tech ecosystem. However, the potential delisting may also impact the liquidity of Nagarro's shares, a factor that the board is prepared to address, given their ongoing commitments to shareholder interests.

The anticipated completion of this acquisition is projected by the end of Q1 2027, pending certain regulatory approvals, as Persistent seeks to integrate Nagarro into its broader operational strategy.

Conclusion

This significant takeover bid by Persistent Systems not only highlights its strategic growth ambitions but also sets the stage for a formidable collaboration in the technology sector. With the promise of innovative solutions and heightened market presence, this merger is one to watch closely as it unfolds.

For detailed information about the offer and its implications, stakeholders can visit www.galaxy-offer.com. Persistent Systems is committed to ushering in a new era of digital transformation through its expanded capabilities and corporate synergies formed with Nagarro.

Disclaimer: This announcement is intended for informational purposes only and does not constitute an offer or invitation to sell Nagarro shares.