Persistent Systems Acquires Majority Stake in Nagarro, Initiates Delisting Process

Persistent Systems, through its wholly-owned direct subsidiary Galaxy Germany Holding SE, has successfully completed its voluntary public takeover offer for Nagarro SE, securing an 83.25% stake in the digital engineering firm. The move positions Persistent Systems to pursue a delisting of Nagarro shares from the Frankfurt Stock Exchange.

The initial acceptance period for the offer concluded on September 17, 2026. During this period, 7,568,145 Nagarro shares, representing approximately 61.15% of the total share capital, were tendered. Combined with a pre-existing 22.10% stake secured from Lantano Beteiligungen GmbH, Persistent Systems now holds 83.25% of Nagarro’s outstanding share capital, excluding treasury shares. This exceeds the minimum acceptance threshold of 50% plus one share required for the offer’s completion.

Persistent Systems: Additional Acceptance Period Announced

Nagarro shareholders who did not tender their shares during the initial period have an additional opportunity to accept the offer. This second acceptance period will run from September 23, 2026, to October 6, 2026. Shares can be tendered at the same cash consideration of EUR 81.00 per share.

Plans for Delisting and Transaction Closure

Following the successful takeover, Persistent Systems intends to terminate the admission of Nagarro shares to trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange, and on other open markets, as soon as legally and practically feasible. The delisting would result in Nagarro’s exclusion from the SDAX index and a likely reduction in the liquidity of its shares. Nagarro’s Management Board has expressed willingness to support the delisting, subject to its fiduciary duties.

The transaction is anticipated to close by the end of Q1 CY27, pending a limited number of outstanding regulatory approvals. Further details and the offer document are available at www.galaxy-offer.com.

Leadership Outlook

Sandeep Kalra, Chief Executive Officer and Executive Director of Persistent Systems (https://www.persistent.com/), commented on the offer’s success, stating that it confirms the strategic rationale for combining Persistent and Nagarro. “We now look forward to completing the remaining steps toward closing, so we may start building the global AI-led digital engineering leader we envisioned together,” Kalra added.

This acquisition marks a significant development in the digital engineering sector, reflecting broader trends in technology consolidation and strategic expansion among leading service providers. For more details on recent industry developments and corporate acquisitions, visit our latest tech appliance news (https://technosports.co.in/).