Overview
- Persistent announced on Monday a binding plan to acquire 100% of Germany‑listed Nagarro, buying a reported 21% stake at €81 a share and launching a voluntary public takeover offer backed by Nagarro’s management and supervisory boards.
- The company also disclosed a separate 6.5‑year strategic services agreement with a US global technology leader with net new contract value of more than $650 million.
- Public reports place the transaction value at about €1.27 billion and said Barclays has committed roughly €1.4 billion in financing, while some of Nagarro’s reported EBITDA adjustments and FX treatment remain subject to auditor review.
- Markets reacted sharply, sending Persistent shares down about 9% to a 52‑week low and triggering several broker downgrades that warned the deal could slow near‑term growth and add integration risk.
- Next steps include obtaining shareholder acceptances above 50% plus one share, BaFin review of the offer document, and a closing targeted around Q4 CY26 to Q1 CY27, with potential effects on staffing, client delivery and Persistent’s European footprint.