Software company: Persistent secures clear majority in Nagarro
Indian software company Persistent Systems is to acquire more than 80 per cent of Munich-based IT service provider Nagarro. The company had wanted to remain independent as recently as last year.
Persistent Systems has acquired a majority stake in Nagarro, a Munich-based software developer. The Indian software company secured 83.25 percent of Nagarro's shares by the end of the acceptance period, making the takeover offer successful. The transaction is expected to be completed by the end of the first quarter of 2027. Nagarro plans to delist its shares from the Frankfurt Stock Exchange as soon as legally and practically possible.
Persistent Systems offered 1.05 billion euros for the entire company and already held more than 20 percent of shares from the Dürschmidt family.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
