Persistent Systems Launches Takeover Offer for Nagarro Shares

Persistent Systems Limited, through its subsidiary Galaxy Germany Holding SE, has officially launched a voluntary public takeover offer for all outstanding shares of Nagarro SE. The offer price is set at EUR 81.00 per share in cash, representing a significant premium of approximately 140% to Nagarro's closing price on June 25, 2026. The acceptance period for shareholders to tender their shares begins today, August 6, 2026, and will run until September 17, 2026, with an additional acceptance period following. Nagarro's management and supervisory boards support the transaction, and employees holding approximately 15% of the stake have declared their intention to tender shares. Persistent already holds a 22% stake, including the commitment of Nagarro's largest shareholder. The offer is subject to a minimum acceptance threshold of 50% plus one share, and Persistent intends to delist Nagarro shares from the Frankfurt Stock Exchange. This move aims to create a leading AI-led digital engineering company by combining complementary strengths.