Public Company Software

SAP

Walldorf, Baden-Württemberg, Germany

SAP is a global leader in enterprise applications and business AI, helping organizations run end-to-end operations on a unified cloud ERP platform and enabling data, automation, and intelligent decision-making across the enterprise.

Focus Areas
Enterprise applications (ERP), Business AI, Data and analytics platform
Website
sap.com

Tracked deals

8

8 tracked deals across 2020-2026.

Recent pace

4

4 tracked deals announced in the last 12 months.

Deal mix

Buyout

8 buyout

SAP Acquisition Volume by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for SAP. 1 2020 1 2021 1 2022 1 2024 ~5 est. 4 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    SAP
    Target
    TechWolf
    Location
    Belgium
    Type
    Buyout

    SAP has entered into an agreement to acquire TechWolf, an AI work intelligence company that continuously models employee skills, tasks, and workforce requirements using its proprietary “context graph for work.” The deal is expected to close in Q4 2026, subject to customary approvals and regulatory review, and SAP plans to integrate TechWolf into its SuccessFactors portfolio while keeping the platform available for both SAP and non-SAP customers.

  • Buyer
    SAP SE
    Target
    Dremio Corporation
    Industry
    Data & Analytics
    Type
    Buyout

    SAP SE has agreed to acquire Dremio Corporation to expand its AI data integration and lakehouse capabilities. The deal is expected to close in the third quarter of 2026, subject to customary closing conditions and regulatory approvals, and aims to help address enterprise AI bottlenecks caused by fragmented and disconnected data systems.

  • Buyer
    SAP
    Target
    Prior Labs
    Location
    Germany
    Type
    Buyout

    SAP entered into a definitive agreement to acquire Prior Labs, a pioneer of tabular foundation models (TFMs) for structured enterprise data, and committed to investing more than €1 billion over the next four years to scale its frontier AI lab in Europe. SAP later completed the acquisition, with Prior Labs continuing to operate independently under its existing brand, leadership, and research agenda, while receiving SAP-backed resources and data access.

  • Buyer
    SAP SE
    Target
    Reltio
    Industry
    IT Services
    Location
    United States
    Type
    Buyout

    SAP agreed to acquire Reltio, a master data management (MDM) software provider, to strengthen SAP Business Data Cloud and SAP’s AI capabilities. Reltio’s technology is designed to unify, cleanse, harmonize, and govern enterprise data across SAP and non-SAP environments, enabling trusted “golden record” context for business AI and agents.

  • Buyer
    SAP SE
    Target
    WalkMe Ltd.
    Seller
    WalkMe shareholders
    Industry
    Cloud & SaaS
    Location
    Israel
    Type
    Buyout

    SAP SE has entered into a definitive agreement to acquire WalkMe Ltd. for $14.00 per share in an all-cash transaction (approximately $1.5 billion equity value). The acquisition will expand SAP’s Business Transformation Management and Business AI capabilities by integrating WalkMe’s digital adoption platform and forthcoming WalkMeX copilot with SAP’s Joule and enable enhanced user guidance and automation across enterprise applications; the deal is expected to close in Q3 2024 subject to shareholder and regulatory approvals.

  • July 21, 2022
    Buyer
    SAP SE
    Target
    Askdata
    Industry
    Data & Analytics
    Type
    Buyout

    SAP SE has acquired Askdata, a search-driven analytics startup that applies AI and natural-language processing to let users query live data via plain-language search. Askdata's IP will be integrated into SAP Business Technology Platform and SAP Analytics Cloud to provide a lightweight, conversational analytics experience; financial terms were not disclosed.

  • Buyer
    SAP SE
    Target
    Signavio
    Seller
    Apax Digital Fund (Apax Partners), DTCP (DTCP Growth), Summit Partners
    Industry
    Cloud & SaaS
    Location
    Berlin, Germany
    Type
    Buyout

    SAP agreed to acquire Signavio, a Berlin-based provider of SaaS business-process management and process intelligence software, from investors Apax Digital Fund, DTCP and Summit Partners. The transaction (terms undisclosed) was announced January 27, 2021 and expected to close in Q2 2021 subject to regulatory approvals, adding Signavio's process mining, modeling and workflow capabilities to SAP's portfolio.

  • Buyer
    SAP SE
    Target
    Emarsys
    Seller
    Vector Capital
    Location
    Vienna, Austria
    Type
    Buyout

    SAP SE has acquired Emarsys, a Vienna-based provider of cloud-based omnichannel marketing and customer engagement software, from Vector Capital. Terms were not disclosed; Vector Capital had been Emarsys' first outside institutional investor since 2015 and helped scale the business globally, including expansion into the U.S.

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