Galaxy Germany Holding SE, a wholly-owned subsidiary of Persistent Systems Limited, has announced a voluntary public takeover offer for all outstanding shares of Nagarro SE at €81 per share in cash. The offer represents a premium of approximately 140% over Nagarro's undisturbed closing price on June 25, 2026. Nagarro's Management and Supervisory Board have expressed strong support, and Persistent has already secured an approximately 21% stake, including a binding commitment from the largest shareholder and intentions from Management Board members to tender their shares. The offer is subject to a minimum acceptance threshold of 50% plus one share of all outstanding Nagarro shares, inclusive of those committed. Persistent expects to launch the offer after BaFin approval, with closing anticipated in the fourth quarter of 2026 or first quarter of 2027, and plans to pursue a delisting of Nagarro from the Frankfurt Stock Exchange's Prime Standard as soon as feasible.
Nagarro SETakeover offer at 140% premium over undisturbed price; management and board support.
Acquiring Nagarro at a premium; strategic expansion.
Subsidiary making the offer; part of Persistent's acquisition strategy.