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Persistent secures 94% of Nagarro in EUR81-a-share offer

India's Persistent Systems secured 94% of Munich-based Nagarro in its €81-a-share takeover offer.

M&A News deals deskTechnology / IT services · Germany, India, Europe6 Oct 2026

India's Persistent Systems said its takeover offer for Munich-based Nagarro closed on Oct 6 with 94.04% of shares tendered.

Nagarro website: nagarro.com

Market context

The EUR81 cash offer was about a 140% premium to Nagarro's undisturbed price. Persistent will pursue a squeeze-out and expects completion by end-Q1 2027. Indian IT firms are increasingly buying European engineering capacity.

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