Thought Leadership
The German IT service provider Nagarro SE may be facing a takeover. The company has now confirmed that it is in talks with “certain interested parties” about a possible delisting from the stock exchange and a public takeover bid.
According to reports from Bloomberg News, these potential interested parties include the US private equity firm Warburg Pincus. Insiders report that Warburg Pincus is already working with advisors on a proposal to privatize Nagarro. The company has so far invested more than 14 billion dollars in over 125 European companies.
Nagarro, headquartered in Munich, offers IT consulting & software development services for various industries. The company employs around 18,300 people in 37 countries and was spun off from Allgeier SE at the end of 2020.
News of possible takeover talks caused Nagarro’s share price to rise by up to 13% at one point, resulting in a market capitalization of EUR 1.2 billion. This came after the company had lowered its sales forecast the previous day, which led to a slump in the share price.
However, Nagarro’s Management Board emphasizes that there is currently no certainty as to whether an agreement on a delisting or a public takeover offer will actually be reached.
