Persistent Systems to Acquire Nagarro in €81 per Share Offer

Persistent Systems has signed a business combination agreement to acquire Nagarro through a voluntary public takeover offer of EUR 81 per share. The all-cash offer represents a premium of about 140 percent to Nagarro’s undisturbed closing price on June 25, 2026, and about 94 percent to its three-month volume-weighted average price, according to a press release.

Persistent has already secured around 21 percent of Nagarro’s shares, including a binding commitment from Nagarro’s largest shareholder to tender its entire stake. Members of Nagarro’s Management Board have also indicated their intention to accept the offer. The transaction aims to form the Persistent Nagarro Group, a combined entity with approximately 46,000 employees across more than 40 countries and estimated annual revenue of about USD 2.9 billion.

The offer is subject to a minimum acceptance threshold of 50 percent plus one share of all outstanding Nagarro shares and will be launched after approval by BaFin. Persistent does not plan to enter into a domination or profit and loss transfer agreement for two years following the closing. The companies also intend to delist Nagarro shares from the Frankfurt Stock Exchange’s Prime Standard once legally feasible.