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SAP SE to Enhance Customer Experience with Acquisition of WalkMe in $1.5 Billion Deal

2024/06/06 12:07 pm | Reading Time: 2:00

SAP SE and WalkMe announced a definitive agreement in which SAP will acquire WalkMe, a leader in digital adoption platforms (DAPs).

WalkMe's advanced guidance and automation features help organizations navigate constant technology change by enabling users to execute workflows seamlessly across multiple applications, resulting in higher adoption and value realization of underlying applications.

The transaction, valued at approximately $1.5 billion, has been approved by the Executive and Supervisory Boards of SAP SE and the board of directors of WalkMe. SAP will acquire WalkMe at $14.00 per share in an all-cash deal, representing a 45% premium to WalkMe's closing share price on June 4, 2024.

This acquisition enhances SAP's Business Transformation Management portfolio, including SAP Signavio and SAP LeanIX solutions, supporting customers on their transformation journeys.

"Applications, processes, data, and people are the four key elements of a successful business transformation," said Christian Klein, CEO and member of the Executive Board of SAP SE. "By acquiring WalkMe, we are doubling down on the support we provide our end users, helping them quickly adopt new solutions and features to maximize the value of their IT investments."

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