Persistent Systems has officially secured an 83.25% stake in Germany-based Nagarro SE through its subsidiary, Galaxy Germany Holding SE. Following the successful takeover offer at EUR 81 per share, the company has triggered an additional two-week tender window. Persistent intends to take Nagarro private, with plans to delist the stock from the Frankfurt Stock Exchange by early 2027.
Persistent Systems Gains Control of Nagarro SE
Persistent Systems has secured an aggregate stake of 83.25% in Nagarro SE. The voluntary takeover offer of EUR 81.00 per share has successfully crossed the mandatory threshold.
Reader Takeaway: Acquisition strengthens digital engineering footprint while triggering a delisting process for Nagarro in the German market.
What just happened
Persistent Systems Limited, through its subsidiary Galaxy Germany Holding SE, announced that its voluntary public takeover offer for Nagarro SE has been successful. The initial acceptance period saw 7,568,145 shares tendered, accounting for 61.15% of the capital. Combined with the 22.10% stake previously acquired from Lantano Beteiligungen GmbH, Persistent now holds 83.25% of Nagarro’s total outstanding share capital, comfortably clearing the 50% plus one share threshold.
Why this matters
This acquisition represents a major expansion in Persistent’s digital engineering capabilities. By securing a dominant majority, Persistent is now positioned to execute its 'taking private' strategy. This involves delisting Nagarro from the Prime Standard of the Frankfurt Stock Exchange, which will lead to its removal from the SDAX index and a subsequent reduction in share liquidity.
Additional Acceptance Period
In compliance with the German Securities Acquisition and Takeover Act, an additional two-week window has opened for remaining shareholders. Investors have until October 6, 2026, to tender their shares at the same offer price of EUR 81.00 per share.
Risks to watch
Regulatory approvals are still pending for the final stages of the transaction. The delisting process will impact existing minority shareholders, as the removal from public trading platforms typically limits exit opportunities for retail investors who do not tender their shares during the offered periods.
What to track next
The transaction is expected to close by the end of the first quarter of the 2027 calendar year. Investors should watch for the disclosure of final tender numbers once the additional acceptance period concludes in October 2026.