MUNICH, Oct. 26, 2021 /PRNewswire/ -- Nagarro, a
global leader in digital engineering and technology solutions, has
successfully completed the merger of Nagarro Holding GmbH and
Nagarro SE. The merger concludes the reorganization of the company
related to the spin-off from Allgeier SE in December 2020.
On March 26, 2021, Nagarro
reported that it was entering into negotiations with the
participants of the management participation program at the level
of the operational management company Nagarro Holding GmbH
regarding the dissolution of this program and the subsequent full
integration of Nagarro Holding GmbH into Nagarro SE by way of
merger with the issuance of new shares in Nagarro SE to the members
of the program. On August 31, 2021,
Nagarro's general meeting approved the merger and a related capital
increase in Nagarro SE.
Now, the successful completion of the merger delivers a
simplified and streamlined organizational structure, as no
significant minority interests remain below the Nagarro SE level.
In order to grant new shares to the former minority shareholders of
Nagarro Holding GmbH, a capital increase of 19 % has been carried
out. The various co-founders and members of the senior management
together hold a significant stake in Nagarro's total share
capital.
"We are very happy, and relieved that we have now completed the
reorganization following our spin-off from Allgeier SE last
year. With the simplified structure and better alignment of
management incentives with investor goals, we look forward to
taking Nagarro into the next orbit of growth and relevance," said
Vikram Sehgal, co-founder.
For more information, visit www.nagarro.com
For inquiries, please contact press@nagarro.com
About Us
Nagarro, a global digital engineering leader, helps clients
become innovative, digital-first companies and thus, win in their
markets. The company is distinguished by its entrepreneurial,
agile, and global character, its CARING mindset, and its approach
of thinking breakthroughs. Nagarro employs over 10,000
people in 26 countries. For more information,
visit www.nagarro.com.
FRA: NA9 (SDAX, ISIN DE000A3H2200, WKN A3H220)
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