DGAP-Ad-hoc: Nagarro SE / Key word(s): Takeover Nagarro SE: Nagarro signs agreements to acquire the ATCS group 18-Oct-2021 / 15:35 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Munich, October 18, 2021 - Nagarro today signed agreements with the shareholders of Advanced Technology Consulting Service, Inc. (ATCS), based in New Jersey, USA, and its international subsidiaries, to acquire the ATCS group. The ATCS group's revenues in 2020 were approximately USD30 million. The total purchase price agreed is a medium two-digit million U.S. dollar amount due in 2021 as well as a smaller performance-based earn-out that can stretch through 2024. Nagarro will finance the acquisition with cash available within the group. The closing of the transaction is expected in the coming weeks. Nagarro expects that the acquisition of the ATCS group has no meaningful impact on the revised guidance for 2021 that Nagarro announced on September 20, 2021.

Contact: Nagarro SE Investor Relations Einsteinstr. 172 81677 Munich Tel.: +49 (0)89/998421-0 Fax: +49 (0)89/998421-11 E-mail: ir@nagarro.com Web: www.nagarro.com

Nagarro SE (ISIN: DE000A3H2200 | WKN: A3H220 | FRA: NA9)

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18-Oct-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language:     English 
Company:      Nagarro SE 
              Einsteinstraße 172 
              81677 München 
              Germany 
Phone:        089 9984210 
Internet:     www.nagarro.com 
ISIN:         DE000A3H2200 
WKN:          A3H220 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1241517 
 
End of Announcement  DGAP News Service 
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1241517 18-Oct-2021 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1241517&application_name=news

(END) Dow Jones Newswires

October 18, 2021 09:35 ET (13:35 GMT)