Overview
- Persistent made a voluntary public takeover offer through its unit Galaxy Germany Holding to buy all outstanding Nagarro shares for €81 in cash.
- The price equals about a 140% premium to Nagarro’s undisturbed close and a 94% premium to its three-month VWAP, signaling an aggressive bid to win shareholder support.
- Persistent has a binding agreement with Lantano Beteiligungen GmbH to acquire its full 21% stake and says Nagarro’s management and supervisory boards intend to recommend acceptance.
- The companies project a combined annual revenue run rate near $2.9 billion with roughly 46,000 employees and expect Europe’s share of revenue to rise to about 22 percent.
- Next steps include publication of the final offer document, regulatory and shareholder approvals, a potential delisting of Nagarro, and a closing window targeted for late 2026 to early 2027.