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SAP: acquisition of WalkMe for $1.5 billion

(CercleFinance.com) - SAP announced on Wednesday that it had reached an agreement to acquire WalkMe, an Israeli specialist in digital adoption, for around $1.
5 billion.

The German group, Europe's number one in business software, says it intends to offer $14 per share for WalkMe, which is listed on the Nasdaq, representing a 45% premium to Tuesday evening's closing price.

Digital adoption is about enabling users not just to learn the basic functions of a given piece of software, but also to maximize its most advanced features.

Based in Tel Aviv, WalkMe boasts customers of the calibre of IBM, Nestlé, ThermoFisher Scientific and the US Department of Justice.

The deal is expected to close in the third quarter of 2024.

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