Board approved acquisition of Nagarro SE, German IT services firm (EUR 1B CY25 revenue, ~18,500 employees), at EUR 81/share for 100% via voluntary public takeover through wholly owned subsidiary BidCo. Bridge financing of EUR 1.4B from Barclays with corporate guarantee of EUR 1.54B. Combined entity at ~$2.9B revenue, 46,000+ employees. Expected closure Q4 CY2026/Q1 CY2027.
Persistent Systems Clears Minimum Acceptance Threshold In Nagarro Takeover Offer
Persistent Systems Board Approves Up To USD 1.25 Billion Financing
Persistent Systems Board Approves Up To USD 1.25 Billion Financing
Persistent Systems Schedules September 1 One-On-One With Millennium Management
Persistent Systems Schedules One-On-One Meetings With Premji Invest And MFS International