Persistent Systems Acquired Majority Stake in Nagarro
The firm secured an 83.25% total stake and announced plans to delist Nagarro from the Frankfurt Stock Exchange.
Updated on Sept. 22, 2026 in Business Strategy
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Persistent Systems has acquired a 61.15% stake in Nagarro, bringing its total ownership to 83.25% following a voluntary public takeover offer. The acquisition moves the company toward its goal of delisting Nagarro from the Frankfurt Stock Exchange.
Why it matters
This strategic acquisition secures the threshold required for Persistent Systems to initiate a delisting of Nagarro. The company is currently organizing a funding plan of up to $1.25 billion to support the transaction.
Persistent Systems acquired 7,568,145 shares at an offer price of EUR 81 per share. The company shares closed at ₹5,366.00 on September 22, 2026, marking a 1.52% decline.
The players
Persistent Systems
Headquartered in Pune, this technology services company is managing the takeover and planned delisting.
Nagarro
This Germany-based digital product engineering company is currently being acquired by Persistent Systems.
Lantano Beteiligungen GmbH
This entity served as the vehicle through which Persistent Systems held its initial 22.10% stake.
The details
The transaction was executed through a voluntary public takeover offer that concluded its initial acceptance period on September 17, 2026. Persistent Systems previously maintained a 22.10% stake in the German firm through its subsidiary, Lantano Beteiligungen GmbH.
Timeline
September 17, 2026: The initial offer acceptance period ended.
September 22, 2026: Persistent Systems stock closed at ₹5,366.00.
September 23, 2026: The additional offer acceptance period began.
October 6, 2026: The additional offer acceptance period concludes.
Q1 2027: The transaction is expected to officially close.
Market Landscape
This acquisition represents a significant consolidation move within the international digital engineering sector. It mirrors a broader trend of large-scale technology firms absorbing specialized German service providers to expand global service capabilities.
Current shareholders of Nagarro should be aware that the acquisition price is set at EUR 81 per share. The pending delisting will significantly alter the tradeability of Nagarro shares for retail investors currently holding stock on the Frankfurt exchange.
The takeaway
Investors should monitor the outcome of the secondary acceptance period to understand the final equity structure of the merged entity. The transition to private ownership or delisting often shifts the transparency and reporting requirements for companies operating internationally.
What happens next
An additional offer acceptance period for remaining shares is scheduled to run from September 23, 2026, to October 6, 2026.
Further reading
For more on industry consolidation, see Business Strategy.
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