SAP Acquires WalkMe to Boost Digital Adoption & Productivity
“Applications, processes, data, and people are the four key elements of a successful business transformation,” said Christian Klein, CEO and member of the Executive Board of SAP SE. “By acquiring WalkMe, we are doubling down on the support we provide our end users, helping them to quickly adopt new solutions and features to get the maximum value out of their IT investments.”
SAP and WalkMe: Acquisition to unlock growth opportunities and deliver greater value
The transaction, valued at US$1.5 billion or US$14 per share – a 45% premium over WalkMe’s June 4 closing price – is expected to close in Q3 2024 pending approvals. SAP says it expects an immaterial impact to 2024 non-IFRS earnings from the deal.
“We are thrilled to join forces with SAP. This acquisition marks a significant milestone in our journey, providing us with the resources and customer base necessary to enhance our product offerings and expand our market reach,” said Dan Adika, CEO of WalkMe. “By leveraging SAP’s extensive ecosystem, we are poised to unlock substantial growth opportunities and deliver even greater value to our customers. Together, we look forward to a future filled with innovation and exceptional service.”
