Program - SAP intends to bolster its position through a billion-euro acquisition of WalkMe.
Specifically, SAP plans to purchase WalkMe for $14 per share, as the board of directors has apparently given the green light. This acquisition price amounts to a 45% increase from WalkMe's closing share value in New York the night prior.
SAP aims to broaden its range of products with this deal, enhancing its current offerings Signavio and LeanIX, which help customers transform their IT. "By acquiring WalkMe, we substantially strengthen our assistance to our users and facilitate their speedy adoption of new solutions and features, enabling our customers to gain the maximum advantage from their IT investments," stated Christian Klein, CEO of SAP.
SAP's Official Announcement
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- SAP, a German software company based in Walldorf, Baden-Württemberg, is planning to strengthen its position in the market through a billion-euro takeover of Tel Aviv-headquartered WalkMe.
- The acquisition price of $14 per share represents a 45% increase from WalkMe's closing share value in New York the previous night, and the deal has been approved by WalkMe's board of directors.
- SAP aims to expand its product portfolio with this takeover, with a particular focus on enhancing its current offerings in the field of IT transformation, such as Signavio and LeanIX.
- The CEO of SAP, Christian Klein, stated that the acquisition would significantly enhance SAP's ability to assist its users and facilitate their quick adoption of new solutions, maximizing their return on IT investments.
- With this acquisition, SAP seeks to compete more effectively in the global software market, including in the US, where the acquisition will be paid for using US dollars.
