Persistent Systems offers €81 a share for Nagarro

Indian IT services company Persistent Systems and Munich-based Nagarro SE (around 18,500 staff in more than 40 countries) signed a business combination agreement on 26.06.2026; Persistent is offering Nagarro shareholders €81 per share in cash, with a minimum acceptance threshold of 50% plus one share. The combined group would have annual revenue of about US$2.9bn and more than 46,000 employees; Persistent intends to leave existing works and collective agreements unchanged, and closing is expected in the fourth quarter of 2026 or the first quarter of 2027 (Persistent press release, 26.06.2026). Update (23.09.2026): When the acceptance period ended on 17.09.2026, 61.15% of the shares had been tendered; together with about 22.10% acquired under a purchase agreement with Lantano Beteiligungen, Persistent now holds 83.25%, and an additional acceptance period runs from 23.09. to 06.10.2026 (Business Standard, 23.09.2026). Update (12.10.2026): After the additional acceptance period ended on 06.10.2026, a total of 8,903,259 shares (about 71.94%) had been tendered; with the 22.10% from the purchase agreement, Persistent holds about 94.04%. Closing is now expected by the end of Q1 2027, subject to a few outstanding regulatory approvals; a squeeze-out of minority shareholders is planned, with details not yet decided (Entrepreneur India, 12.10.2026).