Persistent secures 94% stake in Nagarro SE, plans squeeze-out
PERSISTENT · price
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Persistent Systems has secured approximately 94.04% of Nagarro SE's share capital through its voluntary public takeover offer, well above the 50% minimum threshold. Of this, 71.94% came via the public offer (8.9 million shares tendered) and 22.10% via a pre-deal with Lantano Beteiligungen. Persistent plans a squeeze-out of remaining minority shareholders. Transaction expected to close by end of Q1 CY27, pending limited regulatory approvals.
Major cross-border acquisition of a listed German IT firm; deal close by Q1 CY27 will significantly scale Persistent's global digital engineering presence.