software
SAP wants to take over US fintech Taulia
SAP announces its business figures for the past year. Photo: Uwe Anspach/dpa
© dpa-infocom GmbH
With the takeover of a specialist for financial technology from San Francisco, SAP wants to position itself more strongly in this market. The purchase price is less than one billion euros.
Europe’s largest software manufacturer SAP wants to expand its business in the financial sector with a takeover in the USA.
With the acquisition of a controlling majority in the US fintech Taulia, SAP customers should have better access to liquidity, as the Dax group announced on Thursday in Walldorf. Taulia specializes in managing what is known as working capital. The company offers solutions that get suppliers paid very quickly, helping to make supply chains more resilient. SAP did not provide financial details of the planned transaction.
Group board member Christian Klein said that the price was less than one billion euros. Based in San Francisco, Taulia currently employs approximately 350 people. At the end of last year, SAP had just over 107,000 employees. SAP also confirmed the recently released results for the past year as well as the forecasts for 2022 and 2025.