Persistent Systems to acquire Nagarro SE for EUR 1 Bn, forms German subsidiary
Persistent Systems will acquire a 21% stake in Germany's Nagarro SE for EUR 81 per share and plans a full takeover. Nagarro reported CY2025 revenue of EUR 999.3 million (approx. ₹9,100 crore). A EUR 1.4 billion bridge loan from Barclays will fund the acquisition, backed by a EUR 1.54 billion corporate guarantee from Persistent. The takeover is expected by Q4 CY2026/Q1 CY2027.
The acquisition of Nagarro SE is a major strategic move that will significantly increase Persistent Systems' scale, revenue, and global presence, potentially transforming the company.
The company is undertaking significant strategic acquisitions to expand its global footprint and service offerings, which is generally viewed positively by the market.
Persistent Systems Limited's Board of Directors, in a meeting held from June 26 to June 27, 2026, approved a series of strategic acquisitions and financing arrangements.
The company has established M/s. Galaxy Germany Holding SE as a wholly-owned subsidiary in Germany, acquiring 100% stake for EUR 135,000. This entity, BidCo, will serve as a strategic vehicle for pursuing M&A opportunities in the European region.
Subsequently, through BidCo, Persistent Systems entered into a Share Purchase Agreement on June 26, 2026, to acquire a 21% stake in Nagarro SE, a listed German IT services company, from Lantano Beteiligungen GmbH for EUR 81.00 per share. Nagarro SE, with approximately 18,500 employees across 40+ countries and a CY2025 revenue of EUR 999.3 million (approximately ₹9,100 crore), operates in digital engineering, intelligent enterprise, and experience & design sectors.
Furthermore, the Board approved the contemplated acquisition of 100% of Nagarro SE's outstanding share capital through BidCo via a Voluntary Public Takeover Offer. This move is expected to create a combined entity with approximately USD 2.9 billion in revenue and over 46,000 employees globally, strengthening Persistent's presence in Europe and North America.
To finance these acquisitions, BidCo has been authorized to 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. The settlement of the Voluntary Public Takeover Offer is anticipated in Q4 CY2026 / Q1 CY2027.
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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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