German Software Giant Buys Israeli Digital Adoption Firm For $1.5B

WalkMe, an Israeli firm that helps companies to adopt new digital technologies, has been purchased by SAP SE, a German multinational specializing in business software, for approximately $1.5 billion. 

SAP says its executive and supervisory boards and WalkMe’s board of directors approved the purchase for $14.00 per share in an all-cash transaction. The offer price, SAP says, is 45 percent higher than WalkMe’s closing share price on June 4, 2024.

The purchase is subject to standard regulatory approvals, and is expected to be finalized in the third quarter of this year. 

“Applications, processes, data and people are the four key elements of a successful business transformation,” said Christian Klein, CEO and member of the SAP Executive Board. 

“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,” he said. 

“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 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. Together, we look forward to a future filled with innovation and exceptional service.”