Nagarro's Boards Recommend Public Takeover Offer by Persistent Systems Unit

07:12 AM EDT, 08/14/2026 (MT Newswires) -- Nagarro's (NA9.F) management and supervisory boards recommended that shareholders accept the voluntary public takeover offer by Persistent Systems' subsidiary, Galaxy Germany Holding. The German digital engineering company's boards deem the offer price of 81 euros per Nagarro share "adequate and fair," and also welcomed Galaxy Germany's economic and strategic intentions, which have already been "largely agreed" in the business combination agreement reached on June 26. Shareholders have until Sept. 17 to accept the public takeover offer. Galaxy Germany and the persons acting jointly with it have already secured 20% of Nagarro's shares through a binding agreement with Lantano Beteiligungen, the investment vehicle of Nagarro's largest shareholder.