SAP intends to bolster its position through a billion-euro acquisition of WalkMe.

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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