Persistent Systems, through its subsidiary Galaxy Germany Holding SE, has announced a voluntary public takeover offer for all outstanding shares in Munich-based digital engineering company Nagarro SE at €81 per share in cash.
The offer follows a Business Combination Agreement signed by Persistent, the bidder and Nagarro. Nagarro’s Management and Supervisory Board have backed the transaction and said they intend to recommend that shareholders accept the offer, subject to review of the formal offer document.
Persistent has also signed a binding agreement with Lantano Beteiligungen GmbH to acquire its roughly 21% stake in Nagarro at the same price, pending regulatory approvals. Members of Nagarro’s Management Board have also indicated they plan to tender their shares.
Nagarro operates across 40 countries and provides AI, digital, ERP and customer experience services. If completed, the deal would further consolidate the digital engineering market as larger technology services groups seek greater scale in AI-led enterprise work.
The transaction is subject to regulatory approvals, customary closing conditions and a minimum acceptance threshold of 50% plus one share. Closing is expected in Q4 2026 or Q1 2027.
The offer follows a Business Combination Agreement signed by Persistent, the bidder and Nagarro. Nagarro’s Management and Supervisory Board have backed the transaction and said they intend to recommend that shareholders accept the offer, subject to review of the formal offer document.
Persistent has also signed a binding agreement with Lantano Beteiligungen GmbH to acquire its roughly 21% stake in Nagarro at the same price, pending regulatory approvals. Members of Nagarro’s Management Board have also indicated they plan to tender their shares.
Nagarro operates across 40 countries and provides AI, digital, ERP and customer experience services. If completed, the deal would further consolidate the digital engineering market as larger technology services groups seek greater scale in AI-led enterprise work.
The transaction is subject to regulatory approvals, customary closing conditions and a minimum acceptance threshold of 50% plus one share. Closing is expected in Q4 2026 or Q1 2027.