SAP SE, a global leader in enterprise application software, has entered into an agreement to acquire WalkMe, a digital adoption platform company, in an all-cash transaction valued at approximately $1.5 billion. WalkMe’s solutions facilitate seamless workflow execution across multiple applications, aiding organizations in managing technological changes. The acquisition, which is expected to close by the third quarter of 2024, underscores SAP’s commitment to enhancing its AI-driven business solutions. The deal was facilitated by advisory services from Orrick, with support from Israeli law firm Gornitzky & Co. Notably, Orrick has a robust track record in advising M&A deals and financings in the AI & Machine Learning sector.
Enterprise Software, Artificial Intelligence, Mergers and Acquisitions,Germany, United States, Israel
https://www.orrick.com/en/News/2024/06/SAP-Agrees-to-Acquire-WalkMe-Enriching-SAPs-Business-AI-Solutions