Nagarro SE

M&A Activity • Jan 21, 2022

News Details

Corporate | 21 January 2022 12:41

Nagarro SE: Nagarro joins forces with Techmill Global

DGAP-News: Nagarro SE / Key word(s): Takeover

21.01.2022 / 12:41

The issuer is solely responsible for the content of this announcement.

January 21, 2022 – Nagarro, a global leader in digital engineering, has reached an agreement with the shareholders of Singapore-headquartered Techmill Global Pte Ltd, a front runner in fintech services, to bring the companies together.

The Techmill group, founded by Harihara Gopinath Sharath and Vishwanath Rajashekarappa in 2008, has over 180 employees across the world, with the majority in India. It counts several leading banks among its customers. Techmill is a partner of Temenos, the global leader in financial technology for better banking. In 2021 the group’s revenue was in the high single-digit million Euro range.

For Nagarro, the transaction strengthens its capabilities in its Banking and Financial Services vertical and supports the development of its fast-growing Rest of World segment, particularly with the presence in Australia.

Surya Vedula, Managing Director at Nagarro, states: “I would like to congratulate our new colleagues from Techmill for the way they have built a great company around a core area of expertise. We have been in touch with them for some months now and have come to value their knowledge and perspectives. We welcome them into the global Nagarro family.”

Vishwanath and Sharath, Founder Directors at Techmill , make this joint statement: “We are very happy to associate ourselves with Nagarro, with its humane approach towards people and entrepreneur-friendly environment. With the market breadth and reach of Nagarro added to Techmill’s niche financial expertise, we can reach new heights in the BFSI vertical.”

About Nagarro:

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 12,000 people in 27 countries.

For more information, visit www.nagarro.com

FRA: NA9 (SDAX/TECDAX, ISIN DE000A3H2200, WKN A3H220)

About Techmill Global:

Techmill Global is a niche financial IT service provider. It enables clients to stay ahead of competition and technology trends with industry-specific solutions, packaged financial software implementations, and other innovative ideas that contribute to their continued success. Its clients include large corporate banks and financial institutions involved in inclusive banking such as microfinance and cooperative banking.

For more information, visit www.techmillglobal.com

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21.01.2022 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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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
Indices:	SDAX, TecDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1271533

End of News	DGAP News Service