Persistent Systems to Acquire Nagarro via Voluntary Takeover Offer at €81 Per Share

Persistent Systems has signed a business combination agreement with Nagarro to create the Persistent-Nagarro Group, with Galaxy Germany Holding SE (a wholly owned subsidiary of Persistent) launching a voluntary public takeover offer for all outstanding Nagarro shares at €81 per share in cash. Persistent has already secured about a 21% stake through a binding share purchase agreement with Nagarro’s largest shareholder (Lantano), and Nagarro’s management intends to tender its shares. Closing is expected in Q4 2026 or Q1 2027, subject to regulatory approvals and customary conditions.