SAP Completes Acquisition of WalkMe
12 September 2024 - 3:05PM
SAP SE (NYSE: SAP) today announced it has successfully completed
its acquisition of WalkMe Ltd., a leading digital adoption platform
company listed on the Nasdaq Global Select Market (NASDAQ: WKME).
WalkMe's innovative technology enables seamless workflow execution
across business software applications, improving user experience
and adoption and supporting business transformation. WalkeMeX’s AI
capabilities will supercharge SAP's copilot Joule with
context-aware and proactive help across workflows, allowing users
to become more productive.
As a result of the acquisition, each
ordinary issued and outstanding share of WalkMe Ltd. has been
converted into the right for its shareholders to receive US$14.00,
subject to adjustment, per share in cash. The completion of the
acquisition has been duly reported to the Nasdaq Stock Market, and
trading of WalkMe's ordinary shares is expected to be suspended at
the close of market today pending delisting. With an equity value
of about US$1.5 billion, this represents an approximate 45% premium
to WalkMe's closing share price on June 4, 2024, the day SAP and
WalkMe agreed to binding terms of the acquisition.
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For more information,
financial community only: Alexandra Steiger, +49
6227-7-60437, investor@sap.com, CEST
For more information, press
only: Joellen Perry, +1 650-445-6780,
joellen.perry@sap.com, PT Daniel Reinhardt, +49 6227-7-40201,
daniel.reinhardt@sap.com, CEST Ofir Bloch, press@walkme.com
SAP Press Room; press@sap.com
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