27-Jun-2026 07:00:26
PERSISTENTGeneral news
PERSISTENT : ESTABLISHES WHOLLY OWNED SUBSIDIARY IN GERMANY
• Company acquired 100% stake in Galaxy Germany Holding SE (BidCo) for EUR 135,000 • BidCo to serve as strategic vehicle for pursuing European M&A opportunities • Company acquired 21% shareholding in Nagarro SE for EUR 81.00 per share • Nagarro is a Munich-headquartered digital engineering leader with EUR 1 billion revenue (CY25) • Board approved 100% acquisition of Nagarro SE via voluntary public takeover offer • Board approved corporate guarantee of up to EUR 1,540,000,000 for bridge financing facility from Barclays Bank PLC
Persistent Systems Limited
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