Munich – September 22, 2026 -- Persistent Systems Limited has secured 83.25% of Nagarro SE's outstanding share capital, clearing the minimum threshold for its EUR 81.00-per-share takeover offer and setting up a delisting from the Frankfurt Stock Exchange's Prime Standard.
Tender results exceed the 50%-plus-one-share minimum acceptance threshold
During the acceptance period that expired at midnight CEST on September 17, 2026, holders tendered 7,568,145 Nagarro shares, equal to approximately 61.15% of total share capital and voting rights. Persistent separately secured a 22.10% stake through a share purchase agreement with Lantano Beteiligungen GmbH, bringing the combined position to 83.25%, excluding treasury shares.
Remaining shareholders get a two-week window to tender at the same price
Under Germany's Securities Acquisition and Takeover Act (WpÜG), an additional acceptance period runs from September 23 to midnight CEST on October 6, 2026, allowing remaining Nagarro shareholders to accept the EUR 81.00-per-share cash offer. Persistent said it will disclose the final tendered share count after this window closes.
Persistent targets delisting and removal from the SDAX index
Persistent intends to terminate Nagarro's admission to trading on the regulated Prime Standard market and other exchanges' open markets as soon as legally feasible, a move that would exclude Nagarro from the SDAX and cut share liquidity. Nagarro's Management Board, subject to fiduciary duties, has agreed under the Business Combination Agreement to support the delisting.
Deal closing targeted for the end of Q1 CY27, pending regulatory clearances
Persistent said the transaction is expected to close by the end of the first quarter of calendar year 2027, subject to a limited number of outstanding regulatory approvals. Sandeep Kalra, CEO and Executive Director of Persistent Systems, said the offer's success confirms the strategic logic of combining the two companies to build what he called a global AI-led digital engineering leader.