Persistent Systems has reached a major step in its takeover of German IT services company Nagarro SE. The Indian technology company has secured a total 83.25% stake in Nagarro after the first phase of its public takeover offer ended on September 17, 2026.
The next phase starts today, September 23, and gives Nagarro shareholders another chance to accept the offer. This additional acceptance period will remain open until October 6, 2026. Shareholders who have not yet accepted the offer can sell their Nagarro shares to Persistent at the same cash price of €81 per share.
The result gives Persistent a clear majority in Nagarro. It also means that the key minimum acceptance condition for the deal has been met. Persistent had set a minimum requirement of 50% plus one share of Nagarro’s outstanding shares. That condition has now been satisfied.
How Persistent reached 83.25%
Persistent did not start this deal without any stake in Nagarro. Before the public offer, it had already secured about 22.10% of Nagarro’s share capital, excluding treasury shares, through a share purchase agreement with Lantano Beteiligungen GmbH.
During the first acceptance period, shareholders tendered 7,568,145 Nagarro shares. This represented about 61.15% of the company’s total share capital and voting rights.
When the 61.15% stake from the public offer is added to Persistent’s earlier 22.10% stake, its total ownership reached 83.25%. These figures are based on the company’s share capital excluding treasury shares.
This result is important because Persistent needed at least 50% plus one share for the offer to move ahead under its stated conditions. With ownership at 83.25%, the company has crossed that level by a wide margin.
€81 cash offer stays the same
The price for the additional acceptance period remains €81 per Nagarro share in cash. There is no new lower price for shareholders who wait until this second window.
The original offer was launched at €81 per share after approval of the offer document by Germany’s financial regulator, BaFin. Persistent had said this price represented a premium of about 140% to Nagarro’s closing price on June 25, 2026. It also represented a premium of about 93% to Nagarro’s three-month volume-weighted average price at that time.
For shareholders who did not accept the offer during the first period, the new two-week window is therefore the last special chance under the takeover process to accept the same €81 cash offer, subject to the terms of the offer.
Shareholders should note that their own bank or broker may set an earlier internal deadline for instructions. Nagarro advises investors to contact their custodian bank or broker for the exact process and deadline that applies to their account.
Why the second acceptance period matters
The additional acceptance period is a normal part of the German takeover process. It gives shareholders who did not accept the offer during the main six-week period a short extra window.
The first acceptance period ran from August 6 to September 17, 2026. The second period now starts on September 23 and ends at midnight CEST on October 6, 2026.
The second period does not mean that the €81 offer has failed or that Persistent has to start the takeover process again. The main offer has already crossed its required minimum acceptance level.
Instead, this period gives more Nagarro shareholders a chance to accept the same offer before the next stages of the deal take place.
Persistent plans a Nagarro delisting
One of the most important points for Nagarro shareholders is Persistent’s plan for the company’s stock market listing.
Persistent has said that it intends to pursue the delisting of Nagarro shares from the regulated market, also known as the Prime Standard, of the Frankfurt Stock Exchange. It plans to take this step as soon as it is legally and practically possible.
A delisting would change how Nagarro shares trade in the market. The company has also said that Nagarro would leave the SDAX if its admission to the regulated market ends. A delisting can also reduce the liquidity of a share, which means shareholders may find it harder to buy or sell the stock at the same ease as before.
This point matters for investors who decide not to accept the €81 offer. They would still need to consider what the future market for Nagarro shares could look like after the takeover and any later delisting steps.
The larger plan behind the deal
Persistent has presented the Nagarro takeover as part of a wider plan to create a larger global digital engineering business.
The two companies have businesses across several technology areas. Persistent has a strong presence in digital engineering and AI-led services, while Nagarro has a large European business and expertise in areas such as enterprise resource planning, customer experience and AI.
The companies have said that the combined group could have about $2.9 billion in revenue and more than 46,000 employees across more than 40 countries. These figures come from the companies’ own description of the proposed combination.
Persistent has described the deal as a way to expand its global scale and strengthen its technology capabilities. Nagarro’s management and supervisory board have also supported the transaction and recommended acceptance of the offer.
What happens after October 6
The additional acceptance period ends on October 6, 2026. After that date, Persistent will disclose the final number of shares that were tendered during the extra period.
The deal will then move toward its closing steps. Persistent has said it expects the transaction to close by the end of the first quarter of calendar year 2027, subject to the required conditions and procedures.
The company also plans to move ahead with its proposed delisting of Nagarro shares from the Frankfurt Stock Exchange’s regulated market as soon as legally and practically possible.
What Nagarro shareholders need to know
For Nagarro shareholders who have not yet accepted the offer, the key facts are simple. The additional acceptance period starts on September 23, 2026, and ends on October 6, 2026. The cash price remains €81 per share.
Persistent already controls 83.25% of Nagarro after the first acceptance period. The 50% plus one share minimum condition has been met, so the takeover has passed that important hurdle.
Shareholders who want to accept the €81 offer should contact their bank or broker and check the exact deadline for their account. Investors who choose not to accept should also note Persistent’s plan to pursue a delisting of Nagarro shares.
The next few weeks are therefore an important stage in the deal. By October 6, the extra acceptance period will close, and Persistent will have a clearer picture of its final stake in Nagarro. The result will help set the stage for the planned closing and the next steps toward the proposed combination of the two technology companies.
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