Persistent Systems secured 83.25% of shares in German IT firm Nagarro SE. The acquisition surpassed the minimum acceptance threshold of 50% plus one share. The initial acceptance period concluded on September 17, 2026. Approximately 61.15% of Nagarro's shares were tendered during this first phase.
An additional acceptance period will run from September 23 to October 6, 2026. Shareholders can tender remaining shares for a cash consideration of €81.00 each. Persistent plans to delist Nagarro from the Frankfurt Stock Exchange after the offer completes.
The merger aims to create a global leader in AI-led digital engineering. The transaction is expected to close by the end of the first quarter of 2027. Final completion depends on remaining regulatory approvals.