Persistent aquiring German co Nagarro; open offer at EUR 81
In its largest-ever overseas acquisition, Persistent Systems announced a voluntary public takeover of outstanding shares of Nagarro Group, a global AI-led digital engineering company, at EUR 81 ($ 92) per share. Persistent has already secured a 21% stake in Nagarro, with Nagarro’s largest shareholder committing its entire stake under a binding agreement.
The all-cash offer is at a premium of 140% to the undisturbed closing price on June 25, 2026, and 94% to the three-month volume-weighted average price. Persistent will fund the transaction with committed financing from Barclays Bank. This acquisition will expand Persistent’s technology services footprint in Europe.
