Home >Companies >SAP to acquire SAF for $100 mn

New Delhi: Global IT firm SAP on Thursday said it is looking to acquire Switzerland-based software developer SAF AG for around $100 million.

“We are in the process of acquiring SAF AG. We are currently in talks and have gone for public bidding. The size of the acquisition is around $100 million," said SAP Indian Subcontinent managing director Ranjan Das.

Das, however, declined to give further details and the time-frame by which the acquisition will take place.

SAF is a Swiss forecasting and replenishment software developer in the field of retail and wholesale industries.

The company on Thursday launched a software SAP BusinessObject Explorer.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePaperMint is now on Telegram. Join Mint channel in your Telegram and stay updated with the latest business news.

Edit Profile
My ReadsRedeem a Gift CardLogout