Germany’s data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/software-firm” target=”_blank” rel=”noopener”>software firm SAP said on Wednesday it will acquire data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/walkme” target=”_blank” rel=”noopener”>WalkMe, a data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/saas-company” target=”_blank” rel=”noopener”>Saas company headquartered in data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/tel-aviv” target=”_blank” rel=”noopener”>Tel Aviv.
Both companies’ boards have approved the data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/definition/transaction” rel=”noopener”>transaction for $14 per share, a premium of 45% on WalkMe’s last closing price, they said in a joint statement.
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The acquisition, still subject to customary closing conditions, amounts to a total value of around $1.5 billion and is expected to close in this year’s third quarter.
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