Nagarro Debuts as an Independent, Publicly Listed Company

Nagarro Debuts as an Independent, Publicly Listed Company

Nagarro will commence trading on the Frankfurt Stock Exchange

Company poised to grow global market share in the digital services market

Munich and Frankfurt, December 16, 2020 – Nagarro SE (ISIN DE000A3H2200, WKN A3H220), a global leader in digital engineering and technology solutions, today announced its debut as an independent, publicly traded company and the completion of its spin-off from Allgeier SE. The company's common shares will begin trading today on the Frankfurt Stock Exchange (Prime Standard) under the symbol "NA9". Under the terms of the spin-off, one (1) share of Nagarro SE for every one (1) share of Allgeier SE has been allotted to the Allgeier shareholders.

Nagarro is a global digital engineering company with over 8,400 employees in 25 countries across North America, Asia and Europe. The company offers a full-service portfolio of digital product engineering, digital commerce and customer experience, managed services, enterprise resource planning ("ERP") consulting and other services. Nagarro has a diverse and loyal 750+ blue-chip customer base across all industries.

Manas Fuloria, Custodian of Entrepreneurship in the Organization (CEO) of Nagarro, said, "As an independent, public company, we can now capitalize on our own brand. We compete on the global stage and focus on growing our ability to deliver best-in-class digital services to more clients. We are addressing a large market that is growing double digits annually and is supported by structural tailwinds. We are confident that we can continue our profitable growth and deliver value for all stakeholders."

Fuloria continued, "At Nagarro, we are building the company of tomorrow. Our differentiated organizational design and our unique culture promote entrepreneurship, agility and global collaboration, delivering great results to our clients. This modern culture, characterized by low hierarchy, high autonomy, excitement for technology, intercultural openness and pronounced social awareness, is the workplace of the future – we are convinced that this will enable us to achieve long-term success."

Nagarro reported revenues of €402M, an adjusted EBITDA of €58M and an adjusted EBITDA margin of 14% for full year 2019. In the first nine months of 2020, revenue reached €321M and adjusted EBITDA €58M, which equals an EBITDA margin of 18%. The company targets its organic revenue growth rate to be in the region of 15% in 2021 and aims to return to historical levels (2017-2019) in the medium term. Nagarro also targets an adjusted EBITDA margin of approximately 15%.

Nagarro's listing agents are COMMERZBANK and Jefferies.

To celebrate the listing on the Frankfurt Stock Exchange, Nagarro will participate in a virtual listing ceremony beginning at 8:55 a.m. CET. The Frankfurt Stock Exchange will livestream the bell ringing on its website: www.boerse-frankfurt.de. A video of the livestream will be available afterwards on YouTube.

About Nagarro

Nagarro (FRA: NA9) is a global digital engineering company offering a full-service portfolio of digital product engineering, digital commerce and customer experience, managed services, ERP consulting and technology services. Customers choose Nagarro because of their differentiated combination of digital engineering power, entrepreneurial mindset, agile delivery capabilities, and global presence. Nagarro employs over 8,400 people in 25 countries. For more information, visit www.nagarro.com.

Nagarro Launches Machine Vision-based AI Solutions to Help Organizations Mitigate COVID-19 Risks & Ensure Workplace Safety

Nagarro COVID-AI solutions leverage cutting edge AI models and can be deployed at scale in a matter of few weeks, with very low overhead

Nagarro, a global leader in digital engineering and technology solutions, announced that it has launched AI-powered solutions to help organizations kick-start work and life amid the COVID-19 crisis. Based on machine vision technology, these solutions provide powerful workplace interventions quickly and effectively, and have the potential to transform how we work and interact by ensuring better health and safety of employees and visitors.

Nagarro’s COVID-AI suite of solutions is designed to leverage state-of-the-art AI models running on low-cost edge devices, and can be rolled out across the organization affordably and at scale without large scale configuration or deployment issues. It has mechanisms to ensure social distancing behavior, encourage PPE practices such as wearing masks, and monitor as well as mitigate high risk scenarios such as large collections of people.

Nagarro’s COVID-AI suite of solutions includes:

• Video analytics to help nudge and encourage social distancing behavior.
• Touch-less security systems to help identify, allow and track authorized personnel.
• PPE behavior monitoring to ensure health and safety of your workforce
• Crowd density ascertaining and monitoring in open spaces in a workplace.
• Better forecasting models that accurately forecast outcomes in these uncertain times. 

"As the world grapples with COVID-19, every ounce of technological innovation and ingenuity harnessed to fight this pandemic brings us one step closer to overcoming it. Artificial intelligence (AI) and machine learning are playing a key role in better understanding and addressing the COVID-19 crisis, " said Anurag Sahay, VP & Global Head - AI & Data Sciences, Nagarro. "Organizations, businesses and establishments are finding new ways to operate effectively. At Nagarro, we are using AI powerfully to help bring some of these facilitation and interventions in place. We believe that machine vision-based AI platforms have the potential to transform how we work and live during the new normal."

Nagarro recently conducted a webinar highlighting how the COVID-AI suite of solutions can help organizations accelerate the adaptation to the new normal. To view the webinar recording, click here.

Learn more about our other AI offerings here.

About Nagarro

Nagarro drives technology-led business breakthroughs for industry leaders and challengers. When our clients want to move fast and make things, they turn to us. Today, we are more than 7,000 experts across 22 countries. Together we form Nagarro, the global services division of Munich-based Allgeier SE.

For Employee Commute, Nagarro launches Electric Vehicle Fleet in Collab with Lithium Urban Technologies

Nagarro, one of the leading IT consulting and services companies in the country, today launched its Electric Vehicle fleet for employee commute. The electric cars are deployed in partnership with Lithium Urban Technologies, India’s first EV cab services company. The EV fleet was inaugurated by Shri T.C. Gupta, Additional Chief Secretary, Transport, Haryana.

Beginning with an annual investment of around INR 10 million on the transition, it is a phase wise shift from petrol/ diesel and CNG vehicles and in first phase 20% of the fleet is being moved to electric mobility which will eventually go up to 50% by the end of year. With this phase Nagarro’s target is to reduce 150MT of CO2 emissions annually.

[caption id="attachment_134550" align="aligncenter" width="932"] Mr T C Gupta, Additional Chief Secretary to Haryana, Transport Department[/caption]

The launch is in line with Nagarro’s green mobility initiative under which the company aims to gradually move towards a completely clean and green employee transport system. It has also set up 2 fast charging stations at its premise to facilitate its employees who own or are willing to buy personal electric cars. Nagarro has also deployed e-scooters and e-bicycles for its employees to further improve last mile connectivity in a bid to encourage green public commuting habit among employees.

Mr T C Gupta, Additional Chief Secretary to Haryana, Transport Department said, “This initiative to adopt electric vehicle is a significant step towards reducing air pollution. Haryana government will be releasing the electric vehicle policy in next 15 days. We have categorized charging of electric vehicle as a service and not as sale of electricity. In fact, charging of electric vehicles will be eligible for domestic tariff for electricity. As part of Haryana Vision Zero, the transport department will buy new electric buses too. Further, we are also focusing on improving road safety and in line with our efforts we have witnessed a reduction of 7% in road accident related deaths between January 2019 to June 2019 and 11% reduction in July 2019 itself."

Mr. Manas Fuloria, CEO, Nagarro said, “Gandhiji said, “Be the change you want to see in the world”. If we want cleaner skies in Delhi-NCR, we must embrace EVs aggressively. Since every new technology has teething issues, Nagarro has decided to adopt and incentivize adoption of EVs among our 5000 colleagues in Delhi-NCR."

According to Sanjay Krishnan, CEO, Lithium, “We are delighted to partner with Nagarro in enabling the switch to EV. I want to express my sincere thanks to Manas Fuloria and his team who made this switch possible in convenient manner. We also hope that this successful launch would inspire other companies to adopt the much-needed transition towards electric mobility.”