Business
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Persistent Systems board approved takeover of Germany-based Nagarro SE at EUR 81 per share cash offer
Business Standard··27 Jun
Business Standard reported June 27 deal via subsidiary Galaxy Germany Holding SE with Nagarro management and supervisory boards supporting transaction. Offer represents about 93.5 percent premium to three-month volume-weighted Xetra average per EQS filing.
Prism
What It Means For You
- Indian IT firms are buying global digital engineering assets.
- AI capabilities drive major M&A in tech services.
- Shareholders face a voluntary takeover choice.
What's Happening
- Persistent approved Nagarro acquisition.
- Offer price is EUR 81 per share.
- Boards recommend shareholder acceptance.
Deal Context
- Minimum acceptance threshold is 50 percent plus one.
- Closing is expected late 2026 or early 2027.
- Regulatory approvals are still required.
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