Persistent Systems to acquire Germany-based Nagarro, to launch public offer at 81 euros per share
IT sector company Persistent Systems is looking to acquire Germany-based IT services provider Nagarro. In an exchange filing, Persistent said that it has acquired a 21 percent stake in the German company through a subsidiary. Additionally, the company will launch a public offer to acquire the remaining shares at 81 euros per share.
Persistent said that the all-cash offer represents a highly attractive premium of about 140% to the undisturbed closing price on June 25, 2026, and about 94% to the three-month volume-weighted average price.
