Deal due to close in Q3 (Il Sole 24 Ore Radiocor) - Berlin, 05 Jun - The German information technology group SAP said that it has entered into a definitive agreement to acquire WalkMe, a leader in digital adoption platforms, for 1.5 billion dollars.

SAP is offering 14.00 dollars per share, a 45% premium to WalkMe's closing share price on June 4.

"The envisioned combination complements SAP's Business Transformation Management portfolio around SAP Signavio and SAP LeanIX solutions to help customers on their transformation journeys," the German company said.

The acquisition is expected to close in the third quarter of 2024. The impact of the transaction on SAP's adjusted earnings per share for fiscal 2024 is expected to be "immaterial", SAP commented.

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(RADIOCOR) 05-06-24 17:14:48 (0555) 5 NNNN