Persistent Systems to acquire 21% stake in Nagarro SE for EUR 81/share, targets 100%.
Persistent Systems will acquire 21% of Nagarro SE for EUR 81/share, with plans for a 100% takeover via a voluntary public offer. This aims to create a ~USD 2.9 billion AI-led engineering powerhouse. The acquisition is funded by a EUR 1.4 billion bridge loan, backed by a EUR 1.54 billion corporate guarantee. Completion is expected in Q4 CY2026/Q1 CY2027.
The acquisition of a substantial stake in a company with EUR 1 billion in revenue and the potential for a full takeover represents a major strategic move that will significantly alter the company's scale, market position, and future growth trajectory.
The announcement details a significant strategic acquisition that is expected to create a larger, more competitive entity with expanded market reach and capabilities, which is positive for the company's growth prospects.
Persistent Systems Limited has announced a significant strategic move following its Board Meeting, which concluded on June 27, 2026. The company has established M/s. Galaxy Germany Holding SE as a wholly owned subsidiary in Germany, acquired for EUR 135,000, to serve as a strategic vehicle for M&A opportunities in the European region.
Subsequently, Persistent Systems, through its subsidiary, has entered into a Share Purchase Agreement to acquire a 21% stake in Nagarro SE, a listed German entity, from Lantano Beteiligungen GmbH for EUR 81.00 per share. This initial acquisition is subject to customary closing conditions and regulatory approvals.
The company also announced its intention to acquire 100% of Nagarro SE through a Voluntary Public Takeover Offer by its subsidiary, Galaxy Germany Holding SE. Nagarro SE, headquartered in Munich, Germany, is a digital engineering leader with approximately 18,500 employees across 40+ countries and reported a revenue of EUR 1 billion (CY25). The combined entity is projected to become a ~USD 2.9 billion AI-led engineering powerhouse.
The settlement of the Voluntary Public Takeover Offer is anticipated in Q4 CY2026 / Q1 CY2027. To finance this acquisition, Persistent Systems' subsidiary, Galaxy Germany Holding SE, will secure a bridge financing facility of EUR 1,400,000,000 from Barclays Bank PLC. Persistent Systems will provide a corporate guarantee of up to EUR 1,540,000,000 to support this facility. This transaction is subject to shareholder and regulatory approvals.
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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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