SAP SE Inks Agreement to Buy WalkMe


Enterprise application and business AI company SAP SE has entered into a definitive agreement with WalkMe Ltd. Under the agreement, SAP will acquire digital adoption platform (DAP) company, WalkMe.

“Applications, processes, data and people are the four key elements of a successful business transformation,” said SAP SE CEO Christian Klein. “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 information technology investments.”

The executive and supervisory boards of SAP SE and the board of directors of WalkMe have approved the transaction for USD14.00 per share in an all-cash transaction, representing an equity value of approximately USD1.5 billion. The offer price represents a 45% premium to WalkMe’s closing share price on June 4, 2024.

WalkMe’s products help organisations boost enterprise productivity and lower risk by facilitating consistent, effective and efficient use of software and the workflows it enables. Its DAP works on top of an organisation’s application landscape, detects where people encounter friction and provides the tailored support and automation they need to complete the job, right in the flow of work, across any application. Importantly, WalkMe will continue to fully support non-SAP applications.

WalkMe will soon launch the WalkMeX copilot, which will use WalkMe’s contextual awareness and AI to suggest the best next step for any workflow, anywhere. WalkMeX can always be on, serving as an overlay to any application, including copilots from different vendors that companies use in their landscapes.

Integrating the strength of WalkMe’s adoption capabilities with SAP’s copilot Joule will boost artificial intelligence assistant and productivity gains for all SAP customers. Additionally, integrating distinctive e-learning features in the SAP Enable Now solution with WalkMe will form the centre of SAP’s people-centric transformation approach going forward.

“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 WalkMe CEO Dan Adika. “By leveraging SAP’s extensive ecosystem, we are poised to unlock substantial growth opportunities and deliver even greater value to our customers.”

The business combination complements SAP’s Business Transformation Management portfolio around SAP Signavio and SAP LeanIX solutions to help customers on their transformation journeys.

The acquisition is subject to customary closing conditions, including the receipt of WalkMe shareholder approval and necessary regulatory clearances, and is expected to close in the third quarter of 2024.


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