SAP buys American company Qualtrics for seven billion euros

The German software company SAP buys the US company Qualtrics for $ 8 billion. The committees of the two companies and the shareholders of Qualtrics had already approved the project, announced the company based in Walldorf last night. The conclusion of the purchase is scheduled for the first half of 2019.

Qualtrics is one of the world's pioneers in the area of ​​Experience Management Software (XM), enabling companies to thrive in an increasingly immersive business world. Qualtrics expects sales in excess of $ 400 million in 2018 and future growth rates in excess of 40%, excluding potential synergies badociated with SAP affiliation.

SAP acquires all the shares issued by Qualtrics for $ 8 billion in cash. SAP has secured funding of a total amount of seven billion euros to cover the purchase price and the costs badociated with the acquisition.