Nagarro SE Announces Key Milestones in Preparation for Stock Exchange Listing
Posted on: 02/Oct/2020 11:55:07 AM
- Spin-off overwhelmingly approved; enables focus on core strategy and strengths
- Launch of new brand identity as an independent company with a highly distinctive culture
New Delhi / Munich, October 1st, 2020 - Nagarro SE, a global leader in digital engineering, today announced the achievement of two key milestones to support its plan to list its shares on the Frankfurt Stock Exchange and accelerate growth.
Spin-Off from Allgeier SE Approved
The resolution to approve the Spin-off and Transfer Agreement entered into between Allgeier SE (ISIN DE000A2GS633, WKN A2GS63) and Nagarro SE was passed by Allgeier SE’s Annual General Meeting of Shareholders held on September 24, 2020, with 99.93 percent of the votes cast.
"This overwhelming display of shareholder confidence in Nagarro`s track record and ability to continue delivering deep, sustainable value as a global leader in digital engineering, is a validation of our team’s relentless pursuit of excellence and a caring-centric culture," said Manas Fuloria, Custodian of Entrepreneurship in the Organization (CEO) and co-founder of Nagarro SE.
The materials and webcast recording of Nagarro`s recent Capital Markets Day held on September 28, 2020 can be accessed via this link (registration necessary).
Launch of New Brand Identity
Nagarro employs over 8,400 people and serves customers in more than 45 countries with offices in 25 countries. Recognising that Nagarro is at a critical inflection point in its growth story, the company has developed and launched a new brand identity that encapsulates and celebrates its highly distinctive caring-centric corporate culture that is agile, entrepreneurial, non-hierarchical and global. The decision to recraft Nagarro`s brand around this equality-driven global spirit was taken to cement and double down on Nagarro`s differentiation from its competitors even more as it pursues a listing on the Frankfurt Stock Exchange.
"The new brand goes well beyond visuals and represents where we come from and where we are going as a company. `CARING` has always been one of Nagarro’s core values, but it remained, at times, as something intangible. This idea fuelled the creative energy of the team to think about what ‘CARING’ really brings to our people, customers, and communities, and how it truly defines what makes Nagarro unique," summarized Manas Fuloria.
About Nagarro
Nagarro is a global digital engineering leader with a full-service offering. Nagarro specializes in "change the business" technology services, including digital product engineering, e-commerce and customer experience services, Artificial Intelligence and Machine Learning capabilities, cloud and IoT solutions, and consulting on next-generation ERP. The company has a broad and long-standing international customer base, primarily in Central Europe, particularly Germany, and in North America. This includes a number of global blue-chip companies and leading independent software vendors (ISVs), other market and industry leaders, and public sector clients. In total, the group employs over 8,400 people worldldwide (as of June 30, 2020). www.nagarro.com
