Persistent Systems launches takeover offer for Nagarro SE at EUR 81.00 per share
Persistent Systems has launched a takeover offer for Nagarro SE at EUR 81.00 per share, a ~140% premium. The acceptance period runs from August 6 to September 17, 2026. Nagarro's management supports the offer, and Persistent has secured ~37% of Nagarro's shares. The acquisition requires a 50%+1 share acceptance threshold. Persistent plans to delist Nagarro shares post-acquisition.
The acquisition of Nagarro represents a major strategic move for Persistent Systems, involving a substantial financial commitment and aiming to create a larger, integrated entity. This is expected to have a significant impact on the company's market position and future growth.
The announcement details a strategic acquisition with a significant premium, strong management support, and pre-secured significant shareholding, indicating a positive development for Persistent Systems.
Persistent Systems Limited has officially commenced the acceptance period for its voluntary public takeover offer for all outstanding shares of Nagarro SE. The offer, published by Galaxy Germany Holding SE, a wholly-owned subsidiary of Persistent, provides Nagarro shareholders with a cash consideration of EUR 81.00 per share. This represents a significant premium of approximately 140% to Nagarro's closing price on June 25, 2026, and about 93% to its three-month volume-weighted average price.
The six-week acceptance period began on August 6, 2026, and will run until September 17, 2026. A subsequent two-week additional acceptance period is expected to commence on September 23, 2026, and conclude on October 6, 2026.
Nagarro's Management and Supervisory Boards have expressed their support for the transaction and intend to recommend the offer to their shareholders. Members of Nagarro's Management Board have also declared their intention to tender shares, representing approximately 15% of Nagarro's stake. Persistent has already secured an additional 22% stake, including the commitment of Nagarro's largest shareholder.
The offer is contingent upon a minimum acceptance threshold of 50% plus one share of all outstanding Nagarro shares. Persistent shareholders have already approved the acquisition and related financing at an annual general meeting held on August 3, 2026.
Following the successful consummation of the offer, Persistent intends to delist Nagarro shares from the Frankfurt Stock Exchange's regulated market as soon as legally feasible. Persistent expects the transaction to close by the end of Q1 CY27, subject to regulatory approvals and other customary conditions.
What to do with a filing like this
Persistent Systems Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Persistent Systems Limited. Read the original for the full detail.