Persistent Systems to Acquire Nagarro SE for ~€1 Billion, Forms €1.4 Billion Bridge Facility
Persistent Systems is acquiring Nagarro SE, a German digital engineering firm with EUR 999.3M (approx. ₹9,100 crore) CY25 revenue. The acquisition, including a 21% stake and a subsequent takeover offer, aims to create a ~USD 2.9 billion entity. A EUR 1.4 billion bridge facility from Barclays, backed by a EUR 1.54 billion corporate guarantee from Persistent, will fund the deal. Completion is expected by Q1 CY2027.
The acquisition of Nagarro SE is a major strategic move that will substantially increase the company's scale, market presence, and service offerings, leading to a significant impact on its business and market position.
The announcement details a significant strategic acquisition that is expected to create a larger, more competitive entity with enhanced global reach and capabilities. The financing secured also appears robust.
Persistent Systems Limited announced a significant strategic move following its Board meeting on June 26-27, 2026. The company has established M/s. Galaxy Germany Holding SE as a wholly-owned subsidiary in Germany to pursue M&A opportunities in the European region. This subsidiary, BidCo, acquired a 100% stake for EUR 135,000.
In a subsequent development, Persistent Systems, through BidCo, has entered into a Share Purchase Agreement to acquire a 21% stake in Nagarro SE, a listed German digital engineering firm, from its largest shareholder, Lantano Beteiligungen GmbH. Nagarro SE reported a revenue of EUR 999.3 million (approx. ₹9,100 crore) in CY25 and has approximately 18,500 employees across 40+ countries.
The company has also approved a Voluntary Public Takeover Offer for the remaining shares of Nagarro SE. This proposed acquisition aims to create a combined entity with approximately USD 2.9 billion in revenue and over 46,000 employees globally, enhancing Persistent's scale, particularly in Europe and North America.
To fund these acquisitions, BidCo has secured a committed bridge financing facility of EUR 1,400,000,000 (approx. ₹12,700 crore) from Barclays Bank PLC. Persistent Systems will provide a corporate guarantee of up to EUR 1,540,000,000 (approx. ₹14,000 crore) to secure this facility, which will also be backed by a pledge on BidCo's shares and receivables from BidCo. The settlement of the takeover offer is expected in Q4 CY2026 / Q1 CY2027, subject to customary closing conditions 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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