Persistent completes its offer for Nagarro, holding approximately 94.04%

After the additional acceptance period ended, Persistent’s offer for Nagarro closed with approximately 94.04% of the share capital and voting rights tendered, well above the minimum threshold of 50% plus one share. Persistent has obtained more than 90% of Nagarro’s share capital and voting rights and plans to conduct a compulsory acquisition of the remaining minority shareholders after the transaction is completed. The transaction is expected to close by the end of the first quarter of calendar year 2027, subject to a small number of regulatory approvals.