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Ad hoc DGAP: SAP SE / Keyword (s): Acquisition
SAP SE: SAP SE acquires Qualtrics International Inc.
11.11.2018 / 23:53 CET / CEST
Publication of insider information pursuant to Article 17 of Regulation (EU) No 596/2014, forwarded by DGAP – a service of EQS Group AG.
The content of the communication is the responsibility of the sender / publisher.
Walldorf, November 11, 2018 – SAP and Qualtrics announced today the conclusion of a binding agreement for the Qualtrics acquisition project by SAP. Qualtrics is one of the world's pioneers in the area of Experience Management Software (XM), enabling companies to flourish in an increasingly immersive business world. The Qualtrics XM platform collects feedback and data on its four key business units (customers, employees, products and brands), which increasingly determine whether companies will succeed or fail in the future economy of the company. experience.
Under this agreement, SAP will acquire all the shares issued by Qualtrics for $ 8 billion in cash. SAP has secured funding of a total of 7 billion euros to cover the purchase price and the costs badociated with the acquisition. The purchase price includes open items employee stock option plans and cash on hand at the time of closing. Subject to customary closing conditions and regulatory approvals, the acquisition is expected to be completed in the first half of 2019. The SAP and Qualtrics committees have approved the transaction. Qualtrics shareholders also approved the transaction.
Qualtrics expects revenues of more than $ 400 million and future growth rates of more than 40% for the full year of 2018, to the exclusion of potential synergies arising from its affiliation with SAP.
Once the acquisition is successfully completed, Qualtrics' existing management structure, people, brand and culture will remain. Qualtrics will now be part of the SAP Business Cloud group. Ryan Smith retains his position as CEO of Qualtrics. Headquarters in Provo, Utah, and Seattle, Washington, remain in place.
Contact:
Stefan Gruber, Head of Investor Relations, SAP SE, +49 6227 7-44872, [email protected]
Information and explanation of the issuer at this news:
SAP and Qualtrics will hold a joint teleconference for investors on November 12, 2018 at 7:00 am Paris time. Callers in Germany, dial +49 (0) 69 2222 2018, international calls, the following number: +44 (0) 330 336 9411, US callers +1 (929) 477 0402, conference code: 965 66 37. In addition, a Webcast and subsequently a recording available at https://broadcast.co.sap.com/go/investor.
Legal information:
All statements in this document, other than statements of historical fact, are forward-looking statements within the meaning of the US patent application. Law Reform Act of 1995 in the Private Securities Sector. Expressions such as "aim", "anticipate", "intend", "estimate", "expect", "believe", "plan", "will", "will", "will" Or Similar terms should, to the extent that they refer to SAP, identify forward-looking statements. SAP badumes no obligation to update or correct forward-looking statements to the public. All forward-looking statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from expectations. Factors that could affect SAP's future financial results are described in more detail in the US section of SAP. The Securities and Exchange Commission ("SEC") filed filings, including the last filing with the SEC's Annual Report on SAP on Form 20-F, reviewed. He cautioned against the misuse of forward-looking statements that should be judged only from the point of view of the date of publication.
11.11.2018 CET / CEST The DGAP's distribution services include regulatory announcements, company / financial information and press releases.
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